Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 105.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,184 shares of the bank’s stock after buying an additional 48,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citizens Financial Group were worth $4,165,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CFG. My Legacy Advisors LLC boosted its position in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares during the period. Brooklyn Investment Group lifted its stake in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares during the period. Ballentine Partners LLC grew its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after buying an additional 247 shares in the last quarter. Finally, Commerce Bank grew its stake in shares of Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after buying an additional 250 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock opened at $44.45 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $49.25. The business has a 50 day moving average price of $45.75 and a 200 day moving average price of $44.07. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.78%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CFG shares. Raymond James restated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Compass Point upped their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.00.

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.