Robeco Institutional Asset Management B.V. Has $54,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 22.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,619 shares of the bank’s stock after selling 460 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Citizens Financial Group were worth $54,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $1,959,000. Alps Advisors Inc. lifted its holdings in Citizens Financial Group by 32.5% during the 3rd quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock worth $327,000 after buying an additional 2,992 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Citizens Financial Group by 49.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock valued at $42,970,000 after buying an additional 431,624 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Citizens Financial Group by 15.4% in the fourth quarter. First Trust Direct Indexing L.P. now owns 8,785 shares of the bank’s stock valued at $291,000 after buying an additional 1,173 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Citizens Financial Group during the fourth quarter worth about $204,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of CFG opened at $35.35 on Friday. The business’s fifty day moving average is $35.04 and its 200 day moving average is $32.51. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $37.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $16.08 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.37 and a beta of 1.12.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, May 5th. Wedbush lowered their target price on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Morgan Stanley upped their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Evercore ISI lifted their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $41.00 in a research report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.73.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

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.