Glenmede Trust Co. NA decreased its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,865,994 shares of the bank’s stock after selling 325,498 shares during the period. Glenmede Trust Co. NA owned 0.38% of Citizens Financial Group worth $78,332,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in Citizens Financial Group by 14.7% during the fourth quarter. LPL Financial LLC now owns 39,962 shares of the bank’s stock worth $1,678,000 after buying an additional 5,130 shares during the period. Millennium Management LLC increased its position in Citizens Financial Group by 13.0% during the fourth quarter. Millennium Management LLC now owns 1,735,002 shares of the bank’s stock worth $72,835,000 after buying an additional 199,191 shares during the period. Sciencast Management LP acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $774,000. Ladenburg Thalmann Financial Services Inc. increased its position in Citizens Financial Group by 7.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock worth $674,000 after buying an additional 1,120 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Citizens Financial Group by 37.3% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 119,792 shares of the bank’s stock worth $5,027,000 after buying an additional 32,527 shares during the period. 97.14% of the stock is currently owned by institutional investors.
Citizens Financial Group Inc (NYSE CFG) opened at $44.96 on Friday. The stock has a market capitalization of $21,992.98, a P/E ratio of 17.16, a PEG ratio of 0.75 and a beta of 1.40. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.96%. Citizens Financial Group’s payout ratio is 26.91%.
Several research firms have commented on CFG. ValuEngine raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a report on Sunday, January 21st. Barclays boosted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.36.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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