Segall Bryant & Hamill LLC boosted its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 531,448 shares of the bank’s stock after buying an additional 34,960 shares during the period. Segall Bryant & Hamill LLC owned about 0.11% of Citizens Financial Group worth $22,310,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CFG. MetLife Investment Advisors LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at about $6,390,000. LPL Financial LLC increased its holdings in shares of Citizens Financial Group by 14.7% in the 4th quarter. LPL Financial LLC now owns 39,962 shares of the bank’s stock valued at $1,678,000 after purchasing an additional 5,130 shares during the period. Millennium Management LLC increased its holdings in shares of Citizens Financial Group by 13.0% in the 4th quarter. Millennium Management LLC now owns 1,735,002 shares of the bank’s stock valued at $72,835,000 after purchasing an additional 199,191 shares during the period. Sciencast Management LP acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at about $774,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Citizens Financial Group by 7.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,120 shares during the period. Hedge funds and other institutional investors own 97.11% of the company’s stock.
A number of brokerages have recently weighed in on CFG. ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 target price on Citizens Financial Group and gave the company a “buy” rating in a report on Monday, January 22nd. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, December 4th. Finally, BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.36.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. research analysts expect that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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