Los Angeles Capital Management LLC Has $79.41 Million Holdings in Citizens Financial Group, Inc. $CFG

Los Angeles Capital Management LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,359,447 shares of the bank’s stock after selling 427,787 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Citizens Financial Group were worth $79,405,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CFG. Norges Bank acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $355,909,000. Alyeska Investment Group L.P. acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $87,173,000. Zurich Insurance Group Ltd FI grew its position in shares of Citizens Financial Group by 326.3% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 2,082,961 shares of the bank’s stock worth $110,730,000 after buying an additional 1,594,326 shares during the period. Artemis Investment Management LLP grew its position in shares of Citizens Financial Group by 160.4% during the 4th quarter. Artemis Investment Management LLP now owns 2,448,050 shares of the bank’s stock worth $142,991,000 after buying an additional 1,508,070 shares during the period. Finally, Impax Asset Management Group plc grew its position in shares of Citizens Financial Group by 411.6% during the 4th quarter. Impax Asset Management Group plc now owns 1,729,587 shares of the bank’s stock worth $101,025,000 after buying an additional 1,391,483 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.3%

Citizens Financial Group stock opened at $64.09 on Friday. The company’s 50 day simple moving average is $62.84 and its 200 day simple moving average is $60.81. Citizens Financial Group, Inc. has a fifty-two week low of $40.17 and a fifty-two week high of $68.79. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.51 and a beta of 0.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $0.77 EPS. Citizens Financial Group’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 2.9%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.

Insider Activity at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group 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 directly owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their price target on shares of Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Truist Financial lifted their price target on shares of Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Finally, Evercore reiterated an “outperform” rating and set a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Citizens Financial Group 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.