Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.04 Million Stock Holdings in Citizens Financial Group, Inc. $CFG

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,084 shares of the bank’s stock after selling 7,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citizens Financial Group were worth $4,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors lifted its stake in shares of Citizens Financial Group by 1.7% in the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock valued at $1,982,532,000 after purchasing an additional 614,181 shares during the period. Invesco Ltd. lifted its stake in shares of Citizens Financial Group by 1.7% in the 3rd quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock valued at $1,279,270,000 after purchasing an additional 393,158 shares during the period. Geode Capital Management LLC lifted its stake in shares of Citizens Financial Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the period. Nordea Investment Management AB lifted its stake in shares of Citizens Financial Group by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 7,220,986 shares of the bank’s stock valued at $423,222,000 after purchasing an additional 505,614 shares during the period. Finally, Ninety One UK Ltd lifted its stake in shares of Citizens Financial Group by 13.1% in the 4th quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock valued at $384,029,000 after purchasing an additional 763,098 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Evercore reissued an “outperform” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $70.88.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Lamonica sold 13,258 shares of the 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 completion of the sale, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Up 0.5%

CFG stock opened at $64.32 on Tuesday. The stock’s 50 day simple moving average is $62.96 and its 200 day simple moving average is $60.98. Citizens Financial Group, Inc. has a fifty-two week low of $40.17 and a fifty-two 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 company has a market cap of $27.20 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Citizens Financial Group 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.