Robeco Institutional Asset Management B.V. Decreases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Robeco Institutional Asset Management B.V. reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 30.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,966 shares of the bank’s stock after selling 2,142 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Citizens Financial Group were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CFG. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at $8,134,000. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after acquiring an additional 367,439 shares during the period. Versor Investments LP bought a new position in Citizens Financial Group during the 3rd quarter valued at about $1,910,000. Nordea Investment Management AB lifted its stake in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after acquiring an additional 805,758 shares during the period. Finally, Franklin Resources Inc. raised 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 purchasing an additional 29,940 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CFG shares. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Finally, Barclays upped their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Price Performance

NYSE:CFG opened at $47.02 on Wednesday. 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 $30.24 and a 52 week high of $49.25. The business’s 50-day simple moving average is $45.80 and its two-hundred day simple moving average is $43.46. The stock has a market cap of $20.72 billion, a PE ratio of 15.52, a P/E/G ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.