National Pension Service Has $4.53 Million Holdings in Citizens Financial Group, Inc. $CFG

National Pension Service increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,285 shares of the bank’s stock after purchasing an additional 5,738 shares during the period. National Pension Service’s holdings in Citizens Financial Group were worth $4,533,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CFG. AustralianSuper Pty Ltd acquired a new stake in Citizens Financial Group during the first quarter worth $108,864,000. Assetmark Inc. raised its stake in shares of Citizens Financial Group by 11,167.0% in the 1st quarter. Assetmark Inc. now owns 1,347,537 shares of the bank’s stock valued at $55,209,000 after buying an additional 1,335,577 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 19.1% during the 1st quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock worth $294,007,000 after acquiring an additional 1,180,390 shares during the period. Nordea Investment Management AB boosted its position in shares of Citizens Financial Group by 20.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,399,905 shares of the bank’s stock valued at $287,932,000 after acquiring an additional 1,098,684 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Citizens Financial Group by 291.5% during the 2nd quarter. Swedbank AB now owns 1,352,458 shares of the bank’s stock valued at $60,522,000 after acquiring an additional 1,006,999 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $51.74 on Friday. The business’s fifty day moving average is $51.81 and its two-hundred day moving average is $47.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $22.22 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.55 and a beta of 0.82. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $55.24.

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

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were paid a $0.46 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, October 29th. Citizens Financial Group’s payout ratio is presently 51.54%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James Financial set a $62.00 price target on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a research note on Tuesday, October 7th. Cantor Fitzgerald began coverage on Citizens Financial Group in a report on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 target price for the company. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, October 16th. UBS Group boosted their price target on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Truist Financial dropped 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. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $56.57.

About Citizens Financial Group

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.