Hosking Partners LLP Has $13.22 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Hosking Partners LLP lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,988 shares of the bank’s stock after selling 876 shares during the quarter. Hosking Partners LLP’s holdings in Citizens Financial Group were worth $13,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth $27,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $28,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. 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. Barclays boosted their price objective on 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. Finally, Truist Financial increased their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Stock Up 0.4 %

CFG opened at $45.15 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $30.54 and a fifty-two week high of $49.25. The firm has a market capitalization of $19.74 billion, a P/E ratio of 14.90, a PEG ratio of 0.81 and a beta of 1.10. The company’s 50-day moving average is $45.85 and its 200 day moving average is $44.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share 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. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date 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 is presently 55.45%.

About Citizens Financial Group

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.