Citizens Financial Group (CFG) Stake Decreased by Tredje AP fonden

Tredje AP fonden cut its position in shares of Citizens Financial Group (NYSE:CFG) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,660 shares of the bank’s stock after selling 1,220 shares during the period. Tredje AP fonden’s holdings in Citizens Financial Group were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CFG. Sei Investments Co. boosted its holdings in shares of Citizens Financial Group by 55.9% during the 4th quarter. Sei Investments Co. now owns 222,558 shares of the bank’s stock worth $9,343,000 after buying an additional 79,802 shares during the period. Deutsche Bank AG boosted its holdings in shares of Citizens Financial Group by 38.5% during the 4th quarter. Deutsche Bank AG now owns 1,617,882 shares of the bank’s stock worth $67,916,000 after buying an additional 449,680 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Citizens Financial Group by 114.1% during the 4th quarter. Two Sigma Investments LP now owns 274,542 shares of the bank’s stock worth $11,525,000 after buying an additional 146,306 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Citizens Financial Group by 7.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 531,448 shares of the bank’s stock worth $22,310,000 after buying an additional 34,960 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Citizens Financial Group by 11.6% during the 4th quarter. Toronto Dominion Bank now owns 214,640 shares of the bank’s stock worth $9,010,000 after buying an additional 22,276 shares during the period. Institutional investors own 95.43% of the company’s stock.

Citizens Financial Group opened at $41.89 on Tuesday, according to MarketBeat. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.41. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $48.23.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. research analysts forecast that Citizens Financial Group will post 3.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio is currently 34.11%.

Several brokerages recently commented on CFG. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BMO Capital Markets reduced their target price on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, April 23rd. Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Finally, Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $45.50.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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