Swedbank AB Buys 28,745 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Swedbank AB raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 363,182 shares of the bank's stock after acquiring an additional 28,745 shares during the quarter. Swedbank AB owned approximately 0.08% of Citizens Financial Group worth $15,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Forsta AP Fonden lifted its holdings in Citizens Financial Group by 0.3% during the 4th quarter. Forsta AP Fonden now owns 118,700 shares of the bank's stock valued at $5,194,000 after purchasing an additional 400 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $6,694,000. R Squared Ltd bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $145,000. Pacer Advisors Inc. boosted its holdings in shares of Citizens Financial Group by 56.4% in the 4th quarter. Pacer Advisors Inc. now owns 51,981 shares of the bank's stock worth $2,275,000 after acquiring an additional 18,747 shares in the last quarter. Finally, KBC Group NV grew its position in Citizens Financial Group by 1.7% during the 4th quarter. KBC Group NV now owns 894,642 shares of the bank's stock worth $39,149,000 after acquiring an additional 15,143 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 1.7 %

Shares of CFG stock traded up $0.81 during trading on Tuesday, reaching $47.18. The company's stock had a trading volume of 1,374,891 shares, compared to its average volume of 3,830,383. The company has a market cap of $20.79 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The business has a fifty day moving average price of $45.80 and a 200-day moving average price of $43.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.56%. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CFG. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Raymond James reaffirmed a "strong-buy" rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial raised their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Nine 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. According to MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

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.