Andra AP fonden Cuts Holdings in Citizens Financial Group, Inc. $CFG

Andra AP fonden reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,000 shares of the bank’s stock after selling 67,200 shares during the quarter. Andra AP fonden owned 0.06% of Citizens Financial Group worth $11,635,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CFG. Investors Research Corp boosted its position in Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after buying an additional 410 shares in the last quarter. GoalVest Advisory LLC raised its stake in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after buying an additional 676 shares during the period. REAP Financial Group LLC lifted its position in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after buying an additional 309 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Citizens Financial Group by 143.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after acquiring an additional 634 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Citizens Financial Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Citizens Financial Group in a research report on Wednesday, October 8th. Bank of America upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $65.00 in a report on Thursday, October 9th. Truist Financial cut their price objective on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, October 17th. Finally, Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.57.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $50.94 on Friday. The company’s 50-day moving average is $51.80 and its two-hundred day moving average is $46.67. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $55.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $21.88 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.55 and a beta of 0.82.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. Analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be issued a $0.46 dividend. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 annualized dividend and a yield of 3.6%. Citizens Financial Group’s payout ratio is presently 51.54%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company 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.