Hosking Partners LLP Sells 876 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Hosking Partners LLP lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,988 shares of the bank’s stock after selling 876 shares during the quarter. Hosking Partners LLP owned approximately 0.07% of Citizens Financial Group worth $13,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CFG. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group in the third quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group during the 4th quarter worth about $28,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

Shares of CFG opened at $45.15 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $45.85 and its 200 day simple moving average is $44.09. Citizens Financial Group, Inc. has a 1-year low of $30.54 and a 1-year high of $49.25. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, 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. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

Several research firms have weighed in on CFG. Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Compass Point raised their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Raymond James restated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine 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, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $49.00.

About Citizens Financial Group

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.