Citizens Financial Group, Inc. $CFG Position Lifted by Andra AP fonden

Andra AP fonden grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 94.7% in the 2nd quarter, Holdings Channel reports. The firm owned 269,900 shares of the bank’s stock after acquiring an additional 131,300 shares during the quarter. Andra AP fonden’s holdings in Citizens Financial Group were worth $18,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Junto Capital Management LP grew its stake in shares of Citizens Financial Group by 3.3% in the 2nd quarter. Junto Capital Management LP now owns 1,307,340 shares of the bank’s stock worth $91,605,000 after purchasing an additional 42,248 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Citizens Financial Group by 18.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 58,388 shares of the bank’s stock worth $4,091,000 after acquiring an additional 8,946 shares during the period. Tidal Investments LLC boosted its position in shares of Citizens Financial Group by 12.4% in the second quarter. Tidal Investments LLC now owns 145,378 shares of the bank’s stock valued at $10,187,000 after acquiring an additional 16,000 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in Citizens Financial Group by 9.3% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,968 shares of the bank’s stock worth $418,000 after buying an additional 509 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Citizens Financial Group by 43.6% in the 2nd quarter. NewEdge Advisors LLC now owns 160,994 shares of the bank’s stock valued at $11,281,000 after buying an additional 48,906 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Citizens Financial Group from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, DA Davidson reiterated a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.80.

Citizens Financial Group Trading Down 2.6%

Shares of NYSE:CFG traded down $1.74 during midday trading on Tuesday, reaching $65.62. The company’s stock had a trading volume of 1,827,576 shares, compared to its average volume of 4,597,701. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a 50 day moving average price of $71.13 and a two-hundred day moving average price of $66.29. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.61 and a beta of 0.66. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. As a group, analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is 39.91%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the sale, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Through its primary subsidiary, Citizens Bank, the company provides retail and commercial banking services to individuals, businesses, institutions and government entities.

Its offerings include checking and savings accounts, consumer and residential lending, credit cards, business loans, commercial real estate financing, treasury management, investment banking, capital markets services and wealth management.