Swiss Life Asset Management Ltd Has $5.73 Million Stake in Citizens Financial Group, Inc. $CFG

Swiss Life Asset Management Ltd increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,017 shares of the bank’s stock after purchasing an additional 12,122 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Citizens Financial Group were worth $5,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CFG. AA Financial Advisors LLC increased its holdings in Citizens Financial Group by 3.9% in the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after buying an additional 174 shares during the period. Inscription Capital LLC lifted its holdings in shares of Citizens Financial Group by 1.6% during the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after acquiring an additional 175 shares during the period. Grove Bank & Trust boosted its position in shares of Citizens Financial Group by 19.8% during the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Citizens Financial Group by 3.7% during the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after acquiring an additional 187 shares in the last quarter. Finally, CRA Financial Services LLC increased its stake in Citizens Financial Group by 4.6% in the fourth quarter. CRA Financial Services LLC now owns 4,477 shares of the bank’s stock valued at $262,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CFG shares. Truist Financial increased their price target on shares of Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. upped their price objective on Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada increased their target price on Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Citigroup restated a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Finally, Argus boosted their price target 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. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $60.41 on Thursday. The stock has a market capitalization of $25.54 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 0.49 and a beta of 0.70. The firm’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $59.57. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 1-year low of $38.80 and a 1-year high of $68.79.

Citizens Financial Group (NYSE:CFG) last posted its 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. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. Citizens Financial Group’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, equities analysts predict that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be given a $0.46 dividend. The ex-dividend date is 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 Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the transaction, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group 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.