Healthcare of Ontario Pension Plan Trust Fund Cuts Position in Citizens Financial Group, Inc. (NYSE:CFG)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 90.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,500 shares of the bank’s stock after selling 162,501 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Citizens Financial Group were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in Citizens Financial Group during the 4th quarter valued at about $33,000. Quarry LP grew its holdings in shares of Citizens Financial Group by 183.1% during the fourth quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after buying an additional 714 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth about $40,000. Blue Trust Inc. grew its holdings in shares of Citizens Financial Group by 77.6% during the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after buying an additional 574 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Citizens Financial Group by 686.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the bank’s stock worth $73,000 after buying an additional 1,758 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Piper Sandler upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $41.00 in a report on Friday, April 26th. Stephens lifted their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Citigroup lifted their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $41.13.

Citizens Financial Group Trading Up 2.4 %

Shares of CFG stock opened at $43.24 on Friday. The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $43.72. The firm’s 50 day moving average price is $36.36 and its two-hundred day moving average price is $34.52.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.89%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.