Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Forsta AP Fonden

Forsta AP Fonden increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 16.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,300 shares of the bank's stock after acquiring an additional 16,800 shares during the period. Forsta AP Fonden's holdings in Citizens Financial Group were worth $4,859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc increased its holdings in Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock valued at $34,000 after purchasing an additional 678 shares during the last quarter. Private Ocean LLC increased its holdings in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock valued at $36,000 after purchasing an additional 838 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the third quarter worth $50,000. Finally, Claro Advisors LLC acquired a new position in shares of Citizens Financial Group in the third quarter worth $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on CFG. Piper Sandler boosted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Evercore ISI lowered their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their target price on Citizens Financial Group from $36.00 to $37.00 and gave the company a "hold" rating in a report on Wednesday, July 3rd. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, 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 research note on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Stock Down 1.2 %

CFG traded down $0.50 on Tuesday, reaching $42.24. The company's stock had a trading volume of 3,500,622 shares, compared to its average volume of 5,351,403. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The business's 50 day moving average is $41.48 and its 200 day moving average is $38.41. Citizens Financial Group, Inc. has a 1 year low of $22.81 and a 1 year high of $44.39. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the firm earned $0.85 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 60.87%.

Citizens Financial Group 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.