309,483 Shares in Citizens Financial Group, Inc. $CFG Bought by Danske Bank A S

Danske Bank A S acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 309,483 shares of the bank’s stock, valued at approximately $21,685,000. Danske Bank A S owned approximately 0.07% of Citizens Financial Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CFG. BlackRock Inc. purchased a new stake in shares of Citizens Financial Group during the 2nd quarter valued at about $3,415,046,000. Norges Bank purchased a new position in Citizens Financial Group in the 4th quarter worth approximately $355,909,000. AQR Capital Management LLC grew its position in Citizens Financial Group by 56.9% in the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after acquiring an additional 2,799,050 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Citizens Financial Group during the second quarter worth $175,948,000. Finally, Deutsche Bank AG acquired a new position in shares of Citizens Financial Group during the second quarter worth $174,108,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Citizens Financial Group Stock Down 1.4%

Shares of Citizens Financial Group stock opened at $69.77 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a market cap of $29.39 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.54 and a beta of 0.67. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33. The business has a 50-day moving average price of $71.10 and a 200 day moving average price of $65.53.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.Citizens Financial Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is 39.91%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of recent analyst reports. Argus set a $80.00 price target on shares of Citizens Financial Group in a report on Wednesday, July 29th. Citigroup boosted their price objective on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group upped their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Morgan Stanley raised their target price on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Robert W. Baird lifted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

Citizens Financial Group Company 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.