Danske Bank A S Has $17.46 Million Holdings in Citizens Financial Group, Inc. $CFG

Key Points

• Danske Bank A/S increased its stake in Citizens Financial Group by 13.0% to 298,883 shares (about 0.07% ownership) valued at approximately $17.46 million at the end of the quarter per a Form 13F filing.
• Insider Susan Lamonica sold 13,258 shares at an average price of $58.04 for roughly $769,494, reducing her ownership by 7.4% to 165,971 shares; insiders own 0.67% of the stock.
• Citizens beat recent quarterly estimates (EPS $1.13 vs. $1.10) and reported revenue of $2.17 billion, announced a quarterly dividend of $0.46 (annualized $1.84, ~2.9% yield), and saw analysts raise price targets to an average of about $70.88 (Moderate Buy).

Danske Bank A S raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,883 shares of the bank's stock after acquiring an additional 34,500 shares during the period. Danske Bank A S owned about 0.07% of Citizens Financial Group worth $17,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its position in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank's stock valued at $30,000 after acquiring an additional 504 shares during the last quarter. True Wealth Design LLC grew its position in Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank's stock valued at $31,000 after acquiring an additional 526 shares during the last quarter. State of Wyoming bought a new position in Citizens Financial Group in the second quarter valued at about $39,000. Fortitude Family Office LLC grew its position in Citizens Financial Group by 632.0% in the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank's stock valued at $41,000 after acquiring an additional 613 shares during the last quarter. Finally, Kestra Investment Management LLC grew its position in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank's stock valued at $41,000 after acquiring an additional 892 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Insider Buying and Selling

In related news, insider Susan Lamonica sold 13,258 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $64.45 on Monday. The business has a 50 day moving average of $61.26 and a 200-day moving average of $58.94. Citizens Financial Group, Inc. has a 1 year low of $37.88 and a 1 year high of $68.79. The company has a market capitalization of $27.39 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a $0.46 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 2.9%. Citizens Financial Group's dividend payout ratio is presently 43.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on CFG shares. Royal Bank Of Canada boosted their price target on Citizens Financial Group from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. Truist Financial upped their price objective on Citizens Financial Group from $63.00 to $69.00 and gave the company a "hold" rating in a research note on Friday, April 17th. Weiss Ratings raised Citizens Financial Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Finally, TD Cowen upped their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.88.

About Citizens Financial Group

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.

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