Citizens Financial Group, Inc. $CFG Shares Bought by Tredje AP fonden

Tredje AP fonden raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,991 shares of the bank’s stock after buying an additional 11,790 shares during the period. Tredje AP fonden’s holdings in Citizens Financial Group were worth $2,745,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in Citizens Financial Group in the third quarter valued at approximately $87,173,000. Zurich Insurance Group Ltd FI grew its holdings in shares of Citizens Financial Group by 326.3% during the third quarter. Zurich Insurance Group Ltd FI now owns 2,082,961 shares of the bank’s stock worth $110,730,000 after purchasing an additional 1,594,326 shares during the last quarter. Artemis Investment Management LLP increased its position in Citizens Financial Group by 160.4% in the 4th quarter. Artemis Investment Management LLP now owns 2,448,050 shares of the bank’s stock valued at $142,991,000 after acquiring an additional 1,508,070 shares during the period. Impax Asset Management Group plc lifted its holdings in Citizens Financial Group by 411.6% during the 4th quarter. Impax Asset Management Group plc now owns 1,729,587 shares of the bank’s stock worth $101,025,000 after buying an additional 1,391,483 shares during the period. Finally, Ninety One UK Ltd increased its position in Citizens Financial Group by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock valued at $384,029,000 after purchasing an additional 763,098 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent analyst reports. Argus boosted their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada upped their target price on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Evercore restated an “outperform” rating and set a $75.00 price objective on shares of Citizens Financial Group in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, TD Cowen boosted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $61.33 on Wednesday. The firm has a market capitalization of $25.94 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.49 and a beta of 0.70. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $61.50 and its two-hundred day simple moving average is $59.85. Citizens Financial Group, Inc. has a twelve month low of $38.80 and a twelve month high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 5.19 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 3.0%. Citizens Financial Group’s payout ratio is presently 43.50%.

Insider Buying and Selling

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by insiders.

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.