Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by American Century Companies Inc.

Posted by Defense World Staff on Sep 7th, 2023

American Century Companies Inc. lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,346 shares of the bank’s stock after selling 11,974 shares during the quarter. American Century Companies Inc.’s holdings in Citizens Financial Group were worth $4,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CFG. Raymond James Financial Services Advisors Inc. increased its stake in Citizens Financial Group by 23.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank’s stock worth $478,000 after purchasing an additional 1,980 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Citizens Financial Group by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank’s stock worth $2,585,000 after purchasing an additional 3,531 shares in the last quarter. Yousif Capital Management LLC increased its stake in Citizens Financial Group by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank’s stock worth $3,229,000 after purchasing an additional 6,060 shares in the last quarter. Blair William & Co. IL increased its stake in Citizens Financial Group by 1.5% in the 1st quarter. Blair William & Co. IL now owns 38,619 shares of the bank’s stock worth $1,751,000 after purchasing an additional 586 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Citizens Financial Group by 19.7% in the 1st quarter. Sei Investments Co. now owns 149,057 shares of the bank’s stock worth $6,786,000 after purchasing an additional 24,486 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Citizens Financial Group Stock Down 2.5 %

Shares of Citizens Financial Group stock opened at $27.68 on Thursday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 6.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.91 and a quick ratio of 0.90. Citizens Financial Group, Inc. has a 52-week low of $23.37 and a 52-week high of $44.82. The stock has a 50-day simple moving average of $28.94 and a 200-day simple moving average of $29.78.

Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Wednesday, July 19th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). Citizens Financial Group had a return on equity of 10.68% and a net margin of 20.41%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $1.14 earnings per share. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.82 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were issued a $0.42 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $1.68 annualized dividend and a yield of 6.07%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 38.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFG. Royal Bank of Canada dropped their price target on Citizens Financial Group from $52.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, June 30th. Wedbush raised their price objective on Citizens Financial Group from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. TheStreet lowered Citizens Financial Group from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Stephens restated an “overweight” rating and set a $36.00 price objective on shares of Citizens Financial Group in a research report on Thursday, July 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $33.00 price objective on shares of Citizens Financial Group in a research report on Friday, July 21st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

View Our Latest Stock Report on CFG

Citizens Financial Group Profile

(Free Report)

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.