Swiss Life Asset Management Ltd Raises Stock Holdings in Citizens Financial Group, Inc. $CFG

Swiss Life Asset Management Ltd boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 50.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,895 shares of the bank’s stock after buying an additional 28,921 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Citizens Financial Group were worth $4,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CFG. True Wealth Design LLC grew its holdings in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the last quarter. Capital A Wealth Management LLC raised its stake in shares of Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after acquiring an additional 794 shares during the last quarter. State of Wyoming purchased a new stake in shares of Citizens Financial Group during the second quarter worth about $39,000. Kestra Investment Management LLC boosted its holdings in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Citizens Financial Group in the second quarter worth about $45,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.2%

NYSE CFG opened at $56.94 on Friday. The firm has a market capitalization of $24.20 billion, a PE ratio of 14.71, a P/E/G ratio of 0.46 and a beta of 0.70. The stock’s 50 day moving average is $61.97 and its 200 day moving average is $56.81. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month 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 0.46.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.2%. Citizens Financial Group’s payout ratio is presently 47.55%.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares in the company, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of research analyst reports. Citigroup boosted their price target on Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their target price on Citizens Financial Group from $62.50 to $71.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $66.00 in a research note on Wednesday, January 7th. Finally, TD Cowen lifted their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Twenty research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.95.

Citizens Financial Group 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.