Tredje AP fonden Cuts Stake in Citizens Financial Group, Inc. $CFG

Tredje AP fonden trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 29.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,201 shares of the bank’s stock after selling 14,828 shares during the quarter. Tredje AP fonden’s holdings in Citizens Financial Group were worth $1,871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Excalibur Management Corp acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $216,000. Jupiter Asset Management Ltd. purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth $9,858,000. Pekin Hardy Strauss Inc. raised its position in shares of Citizens Financial Group by 2.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 14,721 shares of the bank’s stock worth $783,000 after buying an additional 355 shares during the period. Essex Financial Services Inc. acquired a new position in Citizens Financial Group in the third quarter valued at $245,000. Finally, Syon Capital LLC grew its position in Citizens Financial Group by 80.0% during the third quarter. Syon Capital LLC now owns 19,771 shares of the bank’s stock valued at $1,051,000 after acquiring an additional 8,787 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore raised their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $73.00 price target on shares of Citizens Financial Group in a report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Citigroup raised their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the company an “overweight” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $65.27 on Monday. The firm has a fifty day simple moving average of $62.17 and a 200-day simple moving average of $55.52. The company has a market capitalization of $27.74 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

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.