Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,513 shares of the bank’s stock after acquiring an additional 10,913 shares during the quarter. Handelsbanken Fonder AB’s holdings in Citizens Financial Group were worth $3,742,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock opened at $44.87 on Monday. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50 day simple moving average of $45.79 and a 200-day simple moving average of $44.01. The company has a market capitalization of $19.61 billion, a P/E ratio of 14.81, a PEG ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Nine equities 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 company. Based on data from MarketBeat.com, the company presently 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.