Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Lowered by Causeway Capital Management LLC

Causeway Capital Management LLC decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 764,553 shares of the bank’s stock after selling 122,767 shares during the quarter. Causeway Capital Management LLC owned 0.17% of Citizens Financial Group worth $33,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $453,000. Sanctuary Advisors LLC boosted its stake in Citizens Financial Group by 8.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock worth $1,806,000 after purchasing an additional 3,307 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Citizens Financial Group during the 3rd quarter valued at $89,000. Tidal Investments LLC boosted its position in shares of Citizens Financial Group by 292.2% in the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank’s stock worth $2,869,000 after buying an additional 52,039 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Citizens Financial Group by 4.8% during the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock valued at $28,368,000 after buying an additional 29,940 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CFG. Truist Financial lowered their target price on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Stephens reissued an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Citigroup dropped their target price on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Barclays lifted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $34.78 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day moving average is $42.10 and its 200-day moving average is $43.80. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.81 and a beta of 0.81.

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

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is 55.45%.

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.