Citizens Financial Group, Inc. (NYSE:CFG) Holdings Cut by XTX Topco Ltd

XTX Topco Ltd cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 80.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,933 shares of the bank’s stock after selling 49,513 shares during the quarter. XTX Topco Ltd’s holdings in Citizens Financial Group were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CFG. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group in the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Sierra Ocean LLC acquired a new position in Citizens Financial Group during the 4th quarter valued at about $47,000. Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the 4th quarter worth about $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $66,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $35.43 on Monday. The stock’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $43.63. 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 company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.94 billion. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on CFG. Stephens reduced their price objective on Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Thursday. Raymond James reiterated a “strong-buy” rating and issued a $48.00 target price (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday. Finally, DA Davidson dropped their price target on shares of 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.82.

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.