Knights of Columbus Asset Advisors LLC Decreases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,763 shares of the bank’s stock after selling 907 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Citizens Financial Group were worth $646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $51,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.5 %

NYSE CFG opened at $41.19 on Friday. The firm has a 50 day simple moving average of $45.12 and a 200-day simple moving average of $44.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06.

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

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.08%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Truist Financial cut their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a research report on Friday. Piper Sandler raised their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.06.

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.