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

Andra AP fonden trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 80.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 52,100 shares of the bank’s stock after selling 207,900 shares during the period. Andra AP fonden’s holdings in Citizens Financial Group were worth $2,770,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Citizens Financial Group by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank’s stock valued at $2,306,817,000 after acquiring an additional 209,467 shares in the last quarter. Invesco Ltd. grew its stake in Citizens Financial Group by 1.2% during the 2nd quarter. Invesco Ltd. now owns 23,671,355 shares of the bank’s stock worth $1,059,293,000 after purchasing an additional 283,321 shares in the last quarter. Nordea Investment Management AB raised its holdings in Citizens Financial Group by 4.9% in the third quarter. Nordea Investment Management AB now owns 6,715,372 shares of the bank’s stock valued at $353,430,000 after acquiring an additional 315,467 shares in the last quarter. LSV Asset Management grew its stake in shares of Citizens Financial Group by 14.5% during the second quarter. LSV Asset Management now owns 6,562,791 shares of the bank’s stock worth $293,685,000 after purchasing an additional 833,399 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $308,946,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock opened at $60.07 on Friday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79. The firm has a market cap of $25.53 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a 50-day simple moving average of $62.54 and a 200-day simple moving average of $55.99.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were given 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 dividend yield of 3.1%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analyst Upgrades and Downgrades

CFG has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Raymond James Financial downgraded Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $62.00 to $66.00 in a research note on Wednesday, January 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 21st. Truist Financial increased their price objective on shares of Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.77.

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.