Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 96,358 shares of the bank’s stock after acquiring an additional 1,093 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Citizens Financial Group were worth $4,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $47,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group in the third quarter worth $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the fourth quarter valued at $51,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $40.72 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $45.46 and a 200-day moving average of $44.18. The firm has a market cap of $17.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CFG shares. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group increased their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Finally, Morgan Stanley reduced their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.22.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.