Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,005 shares of the bank’s stock after selling 2,434 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Citizens Financial Group were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new position in Citizens Financial Group in the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group during the fourth quarter worth about $47,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group during the third quarter worth about $48,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in Citizens Financial Group in the fourth quarter valued at about $51,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 2.4 %

Shares of NYSE:CFG opened at $40.26 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $17.60 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The stock’s fifty day simple moving average is $44.66 and its 200-day simple moving average is $44.16.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.17%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their price objective on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Truist Financial reduced their target price on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday, March 21st. Barclays boosted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

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.