Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 7,900 Shares of Citizens Financial Group, Inc. $CFG

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,084 shares of the bank’s stock after selling 7,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citizens Financial Group were worth $4,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management grew its position in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares during the last quarter. State of Wyoming bought a new stake in Citizens Financial Group during the 2nd quarter worth $39,000. Fortitude Family Office LLC grew its position in Citizens Financial Group by 632.0% during the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after acquiring an additional 613 shares during the last quarter. Kestra Investment Management LLC grew its position in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new stake in Citizens Financial Group during the 4th quarter worth $50,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CFG shares. JPMorgan Chase & Co. boosted their price objective on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Cantor Fitzgerald restated an “overweight” rating and set a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Royal Bank Of Canada boosted their price objective on Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Evercore restated an “outperform” rating and set a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Trading Up 0.5%

NYSE CFG opened at $64.32 on Tuesday. The business’s 50-day moving average price is $62.96 and its two-hundred day moving average price is $60.98. Citizens Financial Group, Inc. has a 12 month low of $40.17 and a 12 month high of $68.79. The firm has a market capitalization of $27.20 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is 43.50%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the sale, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.