Meadow Creek Investment Management LLC reduced its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 36.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,080 shares of the bank’s stock after selling 51,272 shares during the period. Meadow Creek Investment Management LLC’s holdings in Citizens Financial Group were worth $3,739,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Cerebellum GP LLC acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $131,000. Valeo Financial Advisors LLC lifted its position in shares of Citizens Financial Group by 128.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock worth $132,000 after purchasing an additional 1,770 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Citizens Financial Group by 315.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after purchasing an additional 2,580 shares in the last quarter. HPM Partners LLC acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $201,000. Finally, James Hambro & Partners acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $207,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citizens Financial Group Inc (NYSE:CFG) opened at $44.87 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23. The stock has a market cap of $21,910.13, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.75 and a beta of 1.40.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.22 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.88 annualized dividend and a yield of 1.96%. Citizens Financial Group’s payout ratio is presently 26.91%.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price target on shares of Citizens Financial Group and gave the company a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price target on shares of Citizens Financial Group in a report on Sunday, January 21st. Barclays upped their price target on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their price target for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.36.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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