Y Intercept Hong Kong Ltd Reduces Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Y Intercept Hong Kong Ltd lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 52.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,893 shares of the bank’s stock after selling 22,832 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Citizens Financial Group were worth $914,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Citizens Financial Group by 105.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank’s stock worth $4,165,000 after acquiring an additional 48,900 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $258,000. Howard Capital Management Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $426,000. Wealthspire Advisors LLC increased its holdings in shares of Citizens Financial Group by 9.4% in the fourth quarter. Wealthspire Advisors LLC now owns 11,622 shares of the bank’s stock worth $509,000 after purchasing an additional 1,001 shares during the period. Finally, Cowa LLC bought a new position in shares of Citizens Financial Group in the fourth quarter worth $376,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.4 %

Shares of NYSE:CFG opened at $45.15 on Friday. The stock’s 50-day moving average price is $45.85 and its 200-day moving average price is $44.09. Citizens Financial Group, Inc. has a 12-month low of $30.54 and a 12-month high of $49.25. The stock has a market capitalization of $19.74 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.72%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup upped their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Stephens reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.