Nordea Investment Management AB increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,974,434 shares of the bank's stock after acquiring an additional 805,758 shares during the quarter. Nordea Investment Management AB owned approximately 1.13% of Citizens Financial Group worth $217,781,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group in the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group in the third quarter valued at about $48,000. Finally, Friedenthal Financial bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 94.90% of the company's stock.
Citizens Financial Group Stock Performance
Shares of CFG traded down $0.02 during mid-day trading on Tuesday, hitting $44.78. 2,778,606 shares of the company traded hands, compared to its average volume of 3,185,876. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50-day moving average price of $45.37 and a two-hundred day moving average price of $42.15. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25.
Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.75%. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.
Analyst Upgrades and Downgrades
CFG has been the topic of several research analyst reports. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Evercore ISI dropped their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Finally, Citigroup increased their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $47.78.
Get Our Latest Stock Analysis on CFG
About Citizens Financial Group
(
Free Report)
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.
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