Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,700 shares of the bank’s stock after purchasing an additional 400 shares during the quarter. Forsta AP Fonden’s holdings in Citizens Financial Group were worth $5,194,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $6,694,000. R Squared Ltd acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $145,000. Pacer Advisors Inc. grew its holdings in shares of Citizens Financial Group by 56.4% during the fourth quarter. Pacer Advisors Inc. now owns 51,981 shares of the bank’s stock valued at $2,275,000 after purchasing an additional 18,747 shares during the last quarter. KBC Group NV increased its position in Citizens Financial Group by 1.7% in the fourth quarter. KBC Group NV now owns 894,642 shares of the bank’s stock worth $39,149,000 after buying an additional 15,143 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Citizens Financial Group by 11.4% in the 4th quarter. Blue Trust Inc. now owns 11,366 shares of the bank’s stock worth $467,000 after acquiring an additional 1,163 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson boosted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Compass Point increased 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 report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Stock Performance

CFG opened at $47.40 on Friday. The stock has a market cap of $20.89 billion, a PE ratio of 15.64, a P/E/G ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25. The stock’s 50 day simple moving average is $45.85 and its 200-day simple moving average is $43.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was down .1% on a year-over-year basis. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

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.