Commerzbank Aktiengesellschaft FI Sells 11,968 Shares of Citizens Financial Group, Inc. $CFG

Commerzbank Aktiengesellschaft FI trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 35.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,096 shares of the bank’s stock after selling 11,968 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citizens Financial Group were worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CFG. Geode Capital Management LLC boosted its holdings in shares of Citizens Financial Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Morgan Stanley increased its holdings in shares of Citizens Financial Group by 2.7% in the fourth quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock worth $655,242,000 after purchasing an additional 298,779 shares during the last quarter. Capital International Investors increased its holdings in shares of Citizens Financial Group by 32.3% in the fourth quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock worth $467,389,000 after purchasing an additional 1,953,372 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Citizens Financial Group by 56.9% in the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock worth $451,075,000 after buying an additional 2,799,050 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Citizens Financial Group by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock worth $384,029,000 after buying an additional 763,098 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Up 0.6%

Shares of NYSE:CFG opened at $71.93 on Wednesday. The company has a market cap of $30.42 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.55 and a beta of 0.67. Citizens Financial Group, Inc. has a 12 month low of $45.90 and a 12 month high of $74.70. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $66.81 and a 200 day moving average price of $63.81.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 5.27 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be issued a $0.46 dividend. The ex-dividend date is Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. Citizens Financial Group’s payout ratio is 39.91%.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CFG shares. Royal Bank Of Canada increased their price target on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. DA Davidson upped their price objective on Citizens Financial Group from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays increased their target price on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Morgan Stanley boosted their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $78.55.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.