Tredje AP fonden Purchases 11,790 Shares of Citizens Financial Group, Inc. $CFG

Tredje AP fonden increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 33.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,991 shares of the bank’s stock after acquiring an additional 11,790 shares during the period. Tredje AP fonden’s holdings in Citizens Financial Group were worth $2,745,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CFG. Handelsbanken Fonder AB increased its position in Citizens Financial Group by 27.0% in the 4th quarter. Handelsbanken Fonder AB now owns 42,309 shares of the bank’s stock valued at $2,471,000 after buying an additional 8,986 shares in the last quarter. ProShare Advisors LLC increased its holdings in Citizens Financial Group by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 105,360 shares of the bank’s stock worth $6,154,000 after buying an additional 3,130 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Citizens Financial Group by 51.8% in the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock worth $3,426,000 after purchasing an additional 20,008 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Citizens Financial Group by 13.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,175 shares of the bank’s stock valued at $770,000 after acquiring an additional 1,558 shares during the period. Finally, Sapient Capital LLC increased its holdings in Citizens Financial Group by 4.5% during the 4th quarter. Sapient Capital LLC now owns 4,707 shares of the bank’s stock worth $277,000 after acquiring an additional 202 shares during the period. Institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Susan Lamonica sold 13,258 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is owned by insiders.

Citizens Financial Group Stock Up 0.3%

Shares of NYSE:CFG opened at $61.33 on Wednesday. The business’s 50 day moving average is $61.50 and its 200 day moving average is $59.85. Citizens Financial Group, Inc. has a 52-week low of $38.80 and a 52-week high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.94 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Sell-side analysts predict that Citizens Financial Group, Inc. will post 5.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s payout ratio is 43.50%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Monday, March 9th. Royal Bank Of Canada raised their target price on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

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.