Andra AP fonden Has $8.31 Million Stock Position in Citizens Financial Group, Inc. $CFG

Andra AP fonden boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 26.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 138,600 shares of the bank’s stock after acquiring an additional 29,300 shares during the quarter. Andra AP fonden’s holdings in Citizens Financial Group were worth $8,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $29,000. Activest Wealth Management grew its holdings in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Citizens Financial Group during the fourth quarter worth $35,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CFG. Robert W. Baird upped their target price on shares of Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Cantor Fitzgerald raised their price target on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Evercore restated an “outperform” rating and set a $80.00 price target on shares of Citizens Financial Group in a report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on shares of Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Barclays increased their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.55.

Citizens Financial Group Trading Up 0.6%

NYSE:CFG opened at $72.44 on Thursday. Citizens Financial Group, Inc. has a 12 month low of $45.90 and a 12 month high of $74.70. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $67.05 and its 200 day moving average is $63.91. The stock has a market capitalization of $30.63 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.55 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Sell-side analysts expect that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. Citizens Financial Group’s dividend payout ratio is currently 39.91%.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by insiders.

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.