APG Asset Management N.V. Has $17.61 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

APG Asset Management N.V. trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,704 shares of the bank's stock after selling 746,845 shares during the quarter. APG Asset Management N.V. owned about 0.09% of Citizens Financial Group worth $17,610,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group in the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at $47,000. Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group during the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $66,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Morgan Stanley reduced their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Barclays boosted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Finally, Raymond James reiterated a "strong-buy" rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.06.

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Citizens Financial Group Price Performance

CFG stock traded up $0.78 during midday trading on Tuesday, reaching $36.37. 2,784,411 shares of the stock were exchanged, compared to its average volume of 4,777,061. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $15.90 billion, a PE ratio of 12.00, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The company has a fifty day moving average price of $41.85 and a 200 day moving average price of $43.77.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is currently 55.45%.

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.