Swedbank AB Has $99.56 Million Stock Position in Citizens Financial Group, Inc. $CFG

Swedbank AB lowered its stake in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,704,569 shares of the bank’s stock after selling 201,135 shares during the quarter. Swedbank AB’s holdings in Citizens Financial Group were worth $99,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CFG. NewEdge Advisors LLC increased its position in shares of Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares during the last quarter. Empowered Funds LLC increased its position in shares of Citizens Financial Group by 6.7% in the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after acquiring an additional 554 shares during the last quarter. Woodline Partners LP increased its position in shares of Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Citizens Financial Group by 93.4% in the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Citizens Financial Group by 5.2% in the second quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after acquiring an additional 3,225 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

CFG has been the topic of a number of recent research reports. Truist Financial lifted their target price on Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Morgan Stanley lowered their target price on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Evercore reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Check Out Our Latest Research Report on Citizens Financial Group

Citizens Financial Group Trading Up 0.2%

Citizens Financial Group stock opened at $62.93 on Friday. Citizens Financial Group, Inc. has a 52 week low of $38.80 and a 52 week high of $68.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market capitalization of $26.61 billion, a P/E ratio of 14.88, a PEG ratio of 0.50 and a beta of 0.70. The stock has a 50-day simple moving average of $61.76 and a 200 day simple moving average of $60.04.

Citizens Financial Group (NYSE:CFGGet Free Report) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping 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 business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $0.77 earnings per share. Citizens Financial Group’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. 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 currently 43.50%.

Citizens Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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