Swedbank AB Increases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Swedbank AB lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363,182 shares of the bank’s stock after acquiring an additional 28,745 shares during the quarter. Swedbank AB owned 0.08% of Citizens Financial Group worth $15,893,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. My Legacy Advisors LLC lifted its stake in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after acquiring an additional 233 shares during the period. SeaCrest Wealth Management LLC grew its position in Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 246 shares during the last quarter. Ballentine Partners LLC increased its stake in Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after purchasing an additional 247 shares during the period. Finally, Commerce Bank lifted its position in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after purchasing an additional 250 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent analyst reports. Citigroup raised their price target on shares of 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 lifted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Barclays upped their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Compass Point lifted their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

Shares of CFG opened at $47.40 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average of $45.85 and a two-hundred day moving average of $43.31. The stock has a market cap of $20.89 billion, a P/E ratio of 15.64, a P/E/G 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.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Dividend Announcement

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 paid 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 3.54%. Citizens Financial Group’s payout ratio is currently 55.45%.

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.