Profund Advisors LLC grew its position in Citizens Financial Group Inc (NYSE:CFG) by 32.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,404 shares of the bank’s stock after buying an additional 3,739 shares during the period. Profund Advisors LLC’s holdings in Citizens Financial Group were worth $545,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. grew its stake in shares of Citizens Financial Group by 19.3% during the second quarter. Coastal Investment Advisors Inc. now owns 2,055 shares of the bank’s stock worth $73,000 after purchasing an additional 333 shares during the period. First Interstate Bank lifted its holdings in Citizens Financial Group by 13.8% during the second quarter. First Interstate Bank now owns 2,746 shares of the bank’s stock worth $97,000 after acquiring an additional 334 shares in the last quarter. RKL Wealth Management LLC lifted its holdings in Citizens Financial Group by 1.1% during the second quarter. RKL Wealth Management LLC now owns 33,681 shares of the bank’s stock worth $1,189,000 after acquiring an additional 365 shares in the last quarter. Huntington National Bank lifted its holdings in Citizens Financial Group by 18.1% during the second quarter. Huntington National Bank now owns 2,538 shares of the bank’s stock worth $90,000 after acquiring an additional 389 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in Citizens Financial Group by 5.1% during the second quarter. Greenleaf Trust now owns 8,248 shares of the bank’s stock worth $292,000 after acquiring an additional 397 shares in the last quarter. 96.48% of the stock is owned by institutional investors.
CFG has been the topic of several recent analyst reports. Citigroup lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $35.00 in a report on Friday, July 12th. UBS Group lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Wednesday, July 10th. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Zacks Investment Research lowered Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.42.
Shares of Citizens Financial Group stock traded down $0.09 during trading on Thursday, reaching $36.53. The stock had a trading volume of 1,337,792 shares, compared to its average volume of 3,613,972. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.78 and a beta of 1.47. The stock has a fifty day moving average price of $34.06 and a two-hundred day moving average price of $34.80. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $41.17. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same period in the previous year, the company posted $0.88 earnings per share. On average, equities analysts forecast that Citizens Financial Group Inc will post 3.82 EPS for the current fiscal year.
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 provides 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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