Citizens Financial Group Inc (CFG) Position Trimmed by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,806 shares of the bank’s stock after selling 1,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Citizens Financial Group were worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in CFG. First Mercantile Trust Co. acquired a new stake in Citizens Financial Group during the second quarter worth about $102,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Citizens Financial Group by 8,430.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock worth $110,000 after acquiring an additional 2,782 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $113,000. Synovus Financial Corp grew its stake in shares of Citizens Financial Group by 67.3% in the third quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock valued at $137,000 after buying an additional 1,417 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $158,000. Institutional investors own 96.79% of the company’s stock.
CFG has been the subject of a number of recent research reports. ValuEngine lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Bank of America upgraded Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, October 22nd. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, July 24th. Morgan Stanley lowered their target price on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, September 18th. Finally, Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.09.
CFG stock opened at $36.26 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.79. Citizens Financial Group Inc has a 1 year low of $34.88 and a 1 year high of $48.23. The stock has a market capitalization of $16.94 billion, a PE ratio of 14.05, a P/E/G ratio of 0.66 and a beta of 1.25.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 19th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Citizens Financial Group had a return on equity of 8.11% and a net margin of 27.12%. Citizens Financial Group’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. Equities analysts predict that Citizens Financial Group Inc will post 3.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 41.86%.
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Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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