Tredje AP fonden Sells 50,028 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Tredje AP fonden lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,029 shares of the bank's stock after selling 50,028 shares during the period. Tredje AP fonden's holdings in Citizens Financial Group were worth $2,189,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $27,000. Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $47,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded up $0.10 during midday trading on Tuesday, hitting $40.96. The company had a trading volume of 4,117,200 shares, compared to its average volume of 4,490,842. 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 company has a market cap of $17.90 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a fifty day moving average of $45.38 and a two-hundred day moving average of $44.17.

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

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.10%. Citizens Financial Group's payout ratio is presently 55.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CFG. Truist Financial boosted their price target on Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price objective 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. Raymond James reaffirmed a "strong-buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Citigroup upped 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. Finally, Morgan Stanley lowered their price objective on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $49.22.

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.