Citizens Financial Group, Inc. $CFG Stock: Fort Washington Investment Advisors Inc. OH Boosts Holdings

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 40,151.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,083,016 shares of the bank’s stock after buying an additional 2,077,841 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Citizens Financial Group were worth $132,813,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. increased its position in shares of Citizens Financial Group by 0.3% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 56,309 shares of the bank’s stock valued at $3,946,000 after acquiring an additional 174 shares during the period. Trustmark Bank Trust Department lifted its position in Citizens Financial Group by 4.9% during the 2nd quarter. Trustmark Bank Trust Department now owns 4,278 shares of the bank’s stock worth $300,000 after acquiring an additional 198 shares during the period. GoalVest Advisory LLC lifted its position in Citizens Financial Group by 29.9% during the 3rd quarter. GoalVest Advisory LLC now owns 883 shares of the bank’s stock worth $56,000 after acquiring an additional 203 shares during the period. Rockefeller Capital Management L.P. lifted its position in Citizens Financial Group by 0.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 64,323 shares of the bank’s stock worth $3,757,000 after acquiring an additional 220 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its position in Citizens Financial Group by 12.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,080 shares of the bank’s stock worth $125,000 after acquiring an additional 236 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Bruce Van Saun sold 129,369 shares of the business’s 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 sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Down 1.2%

CFG opened at $62.51 on Thursday. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.58 and a beta of 0.72. The company has a fifty day moving average of $68.40 and a two-hundred day moving average of $67.03.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Citizens Financial Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts expect that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Stephens raised their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Jefferies Financial Group lifted their target price on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Barclays lifted their target price on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.08.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.