Andra AP fonden Acquires 44,100 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Andra AP fonden raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 14.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 359,000 shares of the bank’s stock after acquiring an additional 44,100 shares during the quarter. Andra AP fonden owned approximately 0.08% of Citizens Financial Group worth $15,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CFG. Costello Asset Management INC bought a new position in Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group in the 4th quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 1.7 %

Citizens Financial Group stock opened at $41.66 on Friday. The stock has a 50-day moving average of $45.83 and a two-hundred day moving average of $44.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The stock has a market cap of $18.21 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating 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 company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Analyst Ratings Changes

CFG has been the topic of a number of recent research reports. Truist Financial increased 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. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Stephens reissued an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.