Citizens Financial Group, Inc. $CFG Stock Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 26.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,360 shares of the bank’s stock after selling 8,010 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Citizens Financial Group were worth $1,189,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CFG. NewEdge Advisors LLC increased its stake in shares of Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after acquiring an additional 274 shares during the last quarter. Empowered Funds LLC increased its position in Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP raised its stake in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after buying an additional 4,739 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Citizens Financial Group during the 2nd quarter valued at about $234,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial increased their price objective on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Royal Bank Of Canada raised their price target on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Argus lifted their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings cut shares of Citizens Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Finally, Evercore increased their target price on shares of Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $68.77.

Citizens Financial Group Price Performance

NYSE CFG opened at $65.09 on Friday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79. The company has a fifty day simple moving average of $61.42 and a 200 day simple moving average of $54.86. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $27.95 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.53 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.89%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 2.8%. Citizens Financial Group’s dividend payout ratio is presently 47.55%.

About Citizens Financial Group

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.