Thornburg Investment Management Inc. Has $54,393,000 Position in Citizens Financial Group, Inc. (CFG)

Thornburg Investment Management Inc. lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,526,610 shares of the company’s stock after selling 83,666 shares during the period. Thornburg Investment Management Inc.’s holdings in Citizens Financial Group were worth $54,393,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. increased its position in shares of Citizens Financial Group by 1.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,559 shares of the company’s stock valued at $335,000 after buying an additional 225 shares during the period. World Asset Management Inc increased its position in shares of Citizens Financial Group by 0.5% in the third quarter. World Asset Management Inc now owns 52,138 shares of the company’s stock valued at $1,288,000 after buying an additional 282 shares during the period. University of Notre Dame DU Lac increased its position in shares of Citizens Financial Group by 0.3% in the third quarter. University of Notre Dame DU Lac now owns 92,012 shares of the company’s stock valued at $2,274,000 after buying an additional 319 shares during the period. SRB Corp increased its position in shares of Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares during the period. Finally, Hartford Investment Management Co. increased its position in shares of Citizens Financial Group by 0.5% in the third quarter. Hartford Investment Management Co. now owns 125,592 shares of the company’s stock valued at $3,103,000 after buying an additional 638 shares during the period. Institutional investors own 97.12% of the company’s stock.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Shares of Citizens Financial Group, Inc. (NYSE:CFG) traded up 2.98% on Tuesday, hitting $38.02. The company’s stock had a trading volume of 3,357,552 shares. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 19.30 and a beta of 1.36. Citizens Financial Group, Inc. has a 52 week low of $18.34 and a 52 week high of $38.07. The stock’s 50-day moving average price is $36.10 and its 200-day moving average price is $29.43.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 20th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm earned $1.36 billion during the quarter. Citizens Financial Group had a return on equity of 5.19% and a net margin of 18.13%. Citizens Financial Group’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. Equities analysts expect that Citizens Financial Group, Inc. will post $2.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Shareholders of record on Thursday, February 2nd will be given a $0.14 dividend. The ex-dividend date is Tuesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.52%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 28.28%.

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Several brokerages have commented on CFG. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Citizens Financial Group in a report on Tuesday, November 15th. Citigroup Inc. downgraded Citizens Financial Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 15th. Deutsche Bank AG increased their price target on Citizens Financial Group from $27.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, November 30th. Barclays PLC raised their price objective on shares of Citizens Financial Group from $27.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $36.00 in a research note on Tuesday, November 29th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and an average price target of $32.55.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG).

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