Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Capital International Inc. CA

Capital International Inc. CA increased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 42.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,926 shares of the bank’s stock after acquiring an additional 74,555 shares during the period. Capital International Inc. CA owned approximately 0.06% of Citizens Financial Group worth $10,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital World Investors increased its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock worth $1,570,989,000 after buying an additional 1,131,838 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Citizens Financial Group by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,689,082 shares of the bank’s stock worth $205,194,000 after purchasing an additional 96,067 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Citizens Financial Group by 16.6% during the fourth quarter. First Trust Advisors LP now owns 3,299,529 shares of the bank’s stock worth $144,387,000 after purchasing an additional 469,629 shares in the last quarter. Forum Financial Management LP purchased a new position in Citizens Financial Group in the fourth quarter valued at $531,000. Finally, Commerce Bank raised its stake in Citizens Financial Group by 2.8% in the fourth quarter. Commerce Bank now owns 13,545 shares of the bank’s stock valued at $593,000 after buying an additional 368 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

NYSE CFG opened at $35.43 on Friday. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.81 and a beta of 0.81. The business’s 50 day moving average is $40.88 and its two-hundred day moving average is $43.61. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.74%. Citizens Financial Group’s dividend payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CFG shares. Citigroup dropped their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Royal Bank of Canada dropped their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday. Piper Sandler reduced their target price on Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday. Finally, DA Davidson cut their price target on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.82.

Citizens Financial Group 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.