Avanza Fonder AB Purchases Shares of 36,476 Citizens Financial Group, Inc. (NYSE:CFG)

Avanza Fonder AB acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,476 shares of the bank's stock, valued at approximately $1,596,000.

Other institutional investors have also bought and sold shares of the company. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Citizens Financial Group during the 4th quarter valued at $8,134,000. Versor Investments LP acquired a new position in Citizens Financial Group during the third quarter worth about $1,910,000. Nordea Investment Management AB raised its position in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after acquiring an additional 805,758 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Citizens Financial Group by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock valued at $28,368,000 after acquiring an additional 29,940 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at about $590,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 1.5 %

Shares of NYSE CFG traded up $0.72 during mid-day trading on Friday, reaching $47.52. The company had a trading volume of 6,398,775 shares, compared to its average volume of 3,080,625. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The stock's 50 day moving average is $45.64 and its 200-day moving average is $42.71. The stock has a market capitalization of $20.94 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's dividend payout ratio is 66.14%.

Wall Street Analyst Weigh In

Several research firms recently commented on CFG. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler raised their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Evercore ISI reduced their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.78.

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.