Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,824 shares of the bank’s stock after selling 235 shares during the period. Tealwood Asset Management Inc.’s holdings in Citizens Financial Group were worth $1,874,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the period. AQR Capital Management LLC increased its stake in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after buying an additional 1,682,886 shares during the period. State Street Corp lifted its holdings in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after buying an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Citizens Financial Group by 85.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock valued at $83,933,000 after buying an additional 942,662 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after buying an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG opened at $44.19 on Tuesday. The firm has a fifty day moving average of $45.55 and a 200-day moving average of $42.41. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.85 EPS. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Analysts Set New Price Targets

Several research analysts recently commented on CFG shares. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. DA Davidson upped their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Raymond James upgraded shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Truist Financial started coverage on shares of Citizens Financial Group in a report on Tuesday, January 7th. They set a “hold” rating and a $49.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.