Citizens Financial Group, Inc. (NYSE:CFG) Position Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,385 shares of the bank’s stock after selling 4,591 shares during the period. Janus Henderson Group PLC’s holdings in Citizens Financial Group were worth $2,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management increased its position in Citizens Financial Group by 25.1% during the fourth quarter. Ritholtz Wealth Management now owns 13,909 shares of the bank’s stock worth $609,000 after buying an additional 2,790 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Citizens Financial Group during the 4th quarter worth about $879,000. HB Wealth Management LLC increased its holdings in shares of Citizens Financial Group by 7.3% during the 4th quarter. HB Wealth Management LLC now owns 16,308 shares of the bank’s stock valued at $714,000 after acquiring an additional 1,110 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of Citizens Financial Group by 23.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 6,284 shares of the bank’s stock valued at $275,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Citizens Financial Group in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CFG. TD Cowen initiated coverage on Citizens Financial Group in a research report on Thursday, May 15th. They issued a “buy” rating and a $57.00 price target on the stock. Piper Sandler lowered their target price on Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Truist Financial cut their price target on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Argus set a $45.00 target price on shares of Citizens Financial Group in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.78.

Citizens Financial Group Trading Down 0.7%

NYSE CFG opened at $41.28 on Wednesday. The business’s fifty day moving average is $38.54 and its 200-day moving average is $43.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 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 $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.07%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 53.33%.

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.