GW&K Investment Management LLC Sells 9,028 Shares of Citizens Financial Group, Inc. $CFG

GW&K Investment Management LLC lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 941,172 shares of the bank’s stock after selling 9,028 shares during the period. GW&K Investment Management LLC owned 0.22% of Citizens Financial Group worth $50,033,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $308,946,000. Norges Bank acquired a new position in Citizens Financial Group during the 2nd quarter valued at about $253,423,000. HoldCo Asset Management LP bought a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $93,361,000. Marshall Wace LLP acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $67,492,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth approximately $60,434,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CFG. Bank of America lifted their target price on shares of Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. TD Cowen lifted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. New Street Research set a $73.00 price objective on Citizens Financial Group in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Truist Financial upped their price target on Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $69.73.

Citizens Financial Group Stock Up 0.8%

Shares of Citizens Financial Group stock opened at $60.17 on Thursday. The company has a market capitalization of $25.57 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50-day moving average of $62.57 and a two-hundred day moving average of $56.23. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $0.85 EPS. Citizens Financial Group’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

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.