Axa S.A. Has $2.16 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Axa S.A. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 88.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,288 shares of the bank’s stock after purchasing an additional 23,112 shares during the quarter. Axa S.A.’s holdings in Citizens Financial Group were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in Citizens Financial Group during the third quarter worth $89,000. Franklin Resources Inc. lifted its holdings in Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock valued at $28,368,000 after purchasing an additional 29,940 shares during the last quarter. First Hawaiian Bank boosted its position in Citizens Financial Group by 26.5% in the fourth quarter. First Hawaiian Bank now owns 30,191 shares of the bank’s stock valued at $1,321,000 after buying an additional 6,332 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Citizens Financial Group by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 104,893 shares of the bank’s stock worth $4,308,000 after buying an additional 674 shares during the last quarter. Finally, Graypoint LLC increased its holdings in shares of Citizens Financial Group by 4.9% during the fourth quarter. Graypoint LLC now owns 8,646 shares of the bank’s stock worth $378,000 after buying an additional 404 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

CFG stock opened at $39.01 on Friday. The stock has a market cap of $17.05 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The stock has a 50-day moving average price of $38.54 and a two-hundred day moving average price of $43.17. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. 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 released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.31%. Citizens Financial Group’s payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays cut their price objective on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Stephens reduced their price target on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Piper Sandler lowered their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Argus set a $45.00 target price on shares of Citizens Financial Group in a research report on Thursday, April 24th. Finally, Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.18.

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.