Bridgeway Capital Management LLC Cuts Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Bridgeway Capital Management LLC cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,000 shares of the bank’s stock after selling 42,400 shares during the period. Bridgeway Capital Management LLC’s holdings in Citizens Financial Group were worth $2,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Citizens Financial Group during the fourth quarter worth about $8,134,000. BTC Capital Management Inc. grew its holdings in Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after acquiring an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after purchasing an additional 367,439 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after purchasing an additional 29,940 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CFG. Morgan Stanley lowered their price objective on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Royal Bank of Canada lowered their price target on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. cut 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 report on Thursday, April 3rd. DA Davidson lowered their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Truist Financial cut their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. 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. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $46.18.

Citizens Financial Group Trading Up 2.4 %

Shares of CFG stock opened at $39.01 on Friday. The business’s fifty day moving average price is $38.54 and its 200 day moving average price is $43.17. The firm has a market capitalization of $17.05 billion, a PE ratio of 12.88, a P/E/G ratio of 0.81 and a beta of 0.74. 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, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 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 $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

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.