Squarepoint Ops LLC decreased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,670 shares of the bank’s stock after selling 85,275 shares during the period. Squarepoint Ops LLC owned about 0.10% of Citizens Financial Group worth $14,201,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Semmax Financial Advisors Inc. acquired a new position in Citizens Financial Group in the 4th quarter valued at about $26,000. PRW Wealth Management LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $32,000. Exane Asset Management acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $42,000. CWM LLC lifted its holdings in Citizens Financial Group by 29.3% in the fourth quarter. CWM LLC now owns 1,536 shares of the bank’s stock valued at $46,000 after acquiring an additional 348 shares during the period. Finally, JOYN Advisors Inc. lifted its holdings in Citizens Financial Group by 64.8% in the fourth quarter. JOYN Advisors Inc. now owns 1,574 shares of the bank’s stock valued at $47,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Shares of NYSE:CFG traded down $0.67 during trading on Thursday, hitting $33.59. The company’s stock had a trading volume of 139,253 shares, compared to its average volume of 3,716,664. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $45.56. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.55 and a beta of 1.44.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 18th. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.04. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Citizens Financial Group Inc will post 3.88 EPS for the current year.
A number of research analysts have issued reports on CFG shares. Citigroup raised Citizens Financial Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $41.00 to $37.00 in a report on Wednesday, January 9th. Royal Bank of Canada raised Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. Barclays decreased their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group raised Citizens Financial Group to a “buy” rating and decreased their target price for the stock from $44.00 to $40.00 in a research report on Monday, January 7th. Finally, Macquarie raised Citizens Financial Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Citizens Financial Group presently has an average rating of “Buy” and a consensus target price of $40.91.
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About Citizens Financial Group
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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