Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,057 shares of the bank’s stock after selling 1,541 shares during the period. Tredje AP fonden’s holdings in Citizens Financial Group were worth $3,605,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Citizens Financial Group during the 4th quarter valued at about $297,000. Principal Financial Group Inc. increased its position in Citizens Financial Group by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 562,068 shares of the bank’s stock worth $18,627,000 after purchasing an additional 6,123 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Citizens Financial Group by 155.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 125,282 shares of the bank’s stock worth $4,152,000 after purchasing an additional 76,146 shares during the period. Norges Bank acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $117,372,000. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Citizens Financial Group by 5.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 11,574 shares of the bank’s stock valued at $384,000 after buying an additional 584 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG opened at $40.72 on Thursday. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.42 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $40.98 and a 200 day simple moving average of $37.01.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s payout ratio is currently 60.87%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares in the company, valued at approximately $1,454,401.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CFG shares. UBS Group increased their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. DA Davidson raised their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Jefferies Financial Group increased their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $42.20.

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.