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

Danske Bank A S boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,175.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,947,753 shares of the bank’s stock after acquiring an additional 3,638,270 shares during the period. Danske Bank A S’s holdings in Citizens Financial Group were worth $251,709,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CFG. Drive Wealth Management LLC raised its position in shares of Citizens Financial Group by 92.0% in the third quarter. Drive Wealth Management LLC now owns 10,172 shares of the bank’s stock valued at $649,000 after purchasing an additional 4,875 shares during the period. Dogwood Wealth Management LLC lifted its stake in shares of Citizens Financial Group by 1,093.4% during the 3rd quarter. Dogwood Wealth Management LLC now owns 907 shares of the bank’s stock valued at $58,000 after buying an additional 831 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Citizens Financial Group by 482.6% during the 3rd quarter. Diversified Trust Co now owns 183,568 shares of the bank’s stock valued at $11,704,000 after buying an additional 152,062 shares in the last quarter. Aberdeen Group plc boosted its holdings in Citizens Financial Group by 205.2% in the 3rd quarter. Aberdeen Group plc now owns 990,207 shares of the bank’s stock worth $63,136,000 after buying an additional 665,781 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Citizens Financial Group by 4,929.5% in the 3rd quarter. Moors & Cabot Inc. now owns 289,097 shares of the bank’s stock worth $18,433,000 after buying an additional 283,349 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

NYSE:CFG traded up $0.31 during mid-day trading on Friday, hitting $65.17. 2,251,929 shares of the stock traded hands, compared to its average volume of 4,773,208. The business’s 50-day moving average price is $65.44 and its 200 day moving average price is $65.69. The company has a market cap of $27.32 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.59 and a beta of 0.74. Citizens Financial Group, Inc. has a 12-month low of $49.00 and a 12-month high of $75.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, analysts expect that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 30th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, October 30th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. Citizens Financial Group’s payout ratio is currently 41.85%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CFG. TD Cowen assumed coverage on shares of Citizens Financial Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $75.00 price objective for the company. Stephens dropped their target price on Citizens Financial Group from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Raymond James Financial cut their price target on Citizens Financial Group from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Monday, October 19th. Bank of America reduced their price target on Citizens Financial Group from $82.00 to $76.00 in a research report on Thursday, October 8th. Finally, UBS Group decreased their price objective on Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Citizens Financial Group Profile

Citizens Financial Group, Inc. is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.