Skandinaviska Enskilda Banken AB publ boosted its stake in Citizens Financial Group Inc (NYSE:CFG) by 4.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 65,886 shares of the bank’s stock after buying an additional 2,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Citizens Financial Group were worth $2,495,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Citizens Financial Group by 4.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock worth $40,426,000 after purchasing an additional 47,855 shares in the last quarter. Barings LLC grew its position in shares of Citizens Financial Group by 45.1% during the 3rd quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after purchasing an additional 27,000 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Citizens Financial Group by 16,695.7% during the 2nd quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock worth $99,167,000 after purchasing an additional 2,762,808 shares in the last quarter. Boston Advisors LLC grew its position in shares of Citizens Financial Group by 10.4% during the 3rd quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock worth $25,003,000 after purchasing an additional 61,942 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Citizens Financial Group by 10.7% during the 3rd quarter. Toronto Dominion Bank now owns 192,364 shares of the bank’s stock worth $7,284,000 after purchasing an additional 18,523 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.
A number of research analysts have issued reports on CFG shares. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods set a $40.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, August 11th. Barclays increased their price target on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Deutsche Bank reiterated a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.23.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. equities analysts predict that Citizens Financial Group Inc will post 2.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s payout ratio is 29.15%.
In related news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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