Cozad Asset Management Inc. reduced its stake in Citizens Financial Group Inc (NYSE:CFG) by 21.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,138 shares of the bank’s stock after selling 13,792 shares during the quarter. Cozad Asset Management Inc.’s holdings in Citizens Financial Group were worth $1,461,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in shares of Citizens Financial Group by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,063,638 shares of the bank’s stock worth $81,534,000 after purchasing an additional 73,374 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $8,917,000. HRT Financial LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at approximately $1,343,000. SPX Equities Gestao de Recursos Ltda bought a new position in Citizens Financial Group in the 3rd quarter valued at approximately $14,373,920,470,000. Finally, Morgan Stanley increased its position in Citizens Financial Group by 28.6% in the 3rd quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock valued at $112,917,000 after acquiring an additional 650,344 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.
CFG traded up $0.49 during trading on Monday, reaching $33.12. The company had a trading volume of 276,594 shares, compared to its average volume of 5,339,638. The company has a market cap of $15.17 billion, a PE ratio of 12.70, a P/E/G ratio of 0.54 and a beta of 1.37. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $48.23. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.79.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.90 by $0.03. Citizens Financial Group had a return on equity of 8.11% and a net margin of 27.12%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Citizens Financial Group Inc will post 3.52 earnings per share for the current fiscal year.
A number of equities research analysts have commented on CFG shares. Macquarie upgraded shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Monday, October 22nd. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, November 27th. Morgan Stanley reduced their target price on shares of Citizens Financial Group from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, December 11th. BMO Capital Markets reduced their target price on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Finally, Royal Bank of Canada raised shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Citizens Financial Group presently has an average rating of “Buy” and an average target price of $41.46.
In other Citizens Financial Group news, Director Charles John Koch bought 14,000 shares of Citizens Financial Group stock in a transaction dated Tuesday, October 23rd. The stock was acquired at an average cost of $36.32 per share, with a total value of $508,480.00. Following the purchase, the director now directly owns 49,937 shares in the company, valued at approximately $1,813,711.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Shivan S. Subramaniam bought 3,000 shares of Citizens Financial Group stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average cost of $35.32 per share, with a total value of $105,960.00. Following the completion of the purchase, the director now owns 38,963 shares in the company, valued at $1,376,173.16. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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