Swedbank AB Reduces Position in Citizens Financial Group, Inc. (NYSE:CFG)

Swedbank AB lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,437 shares of the bank’s stock after selling 3,486 shares during the quarter. Swedbank AB owned about 0.08% of Citizens Financial Group worth $13,735,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Versor Investments LP bought a new position in Citizens Financial Group in the 3rd quarter worth approximately $1,910,000. CWM LLC boosted its holdings in shares of Citizens Financial Group by 77.1% in the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after acquiring an additional 17,718 shares during the period. Quantbot Technologies LP purchased a new position in shares of Citizens Financial Group in the second quarter valued at $5,009,000. Andra AP fonden raised its stake in shares of Citizens Financial Group by 49.1% during the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after purchasing an additional 101,500 shares during the period. Finally, Pallas Capital Advisors LLC boosted its stake in Citizens Financial Group by 138.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock worth $1,069,000 after purchasing an additional 14,896 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the topic of several analyst reports. DA Davidson upped their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Barclays upped their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $45.47.

Citizens Financial Group Stock Down 0.8 %

CFG opened at $48.09 on Wednesday. The business’s 50-day moving average price is $43.14 and its 200-day moving average price is $40.02. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $49.25. The company has a market cap of $21.19 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.81 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Citizens Financial Group Company Profile

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.