SevenBridge Financial Group LLC Acquires 680 Shares of Citizens Financial Group Inc (NYSE:CFG)

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SevenBridge Financial Group LLC boosted its holdings in Citizens Financial Group Inc (NYSE:CFG) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,634 shares of the bank’s stock after acquiring an additional 680 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Citizens Financial Group were worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthcare Advisory Partners LLC boosted its holdings in shares of Citizens Financial Group by 23,866.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after purchasing an additional 716 shares in the last quarter. Assetmark Inc. boosted its holdings in Citizens Financial Group by 243.6% during the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after acquiring an additional 682 shares during the period. Oakworth Capital Inc. boosted its holdings in Citizens Financial Group by 739.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,042 shares during the period. CSat Investment Advisory L.P. boosted its holdings in Citizens Financial Group by 162.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after acquiring an additional 844 shares during the period. Finally, HM Payson & Co. purchased a new stake in Citizens Financial Group during the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 96.57% of the company’s stock.

In other news, Director Charles John Koch bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of $32.45 per share, with a total value of $486,750.00. Following the transaction, the director now owns 68,781 shares of the company’s stock, valued at $2,231,943.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on the company. Citigroup cut Citizens Financial Group from a “neutral” rating to a “sell” rating and dropped their target price for the company from $39.00 to $32.00 in a report on Tuesday. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, July 29th. Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price for the company. in a report on Friday, July 12th. Morgan Stanley dropped their price objective on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.04.

NYSE CFG traded up $0.12 on Wednesday, hitting $32.70. The company’s stock had a trading volume of 95,542 shares, compared to its average volume of 4,479,899. Citizens Financial Group Inc has a 52-week low of $27.62 and a 52-week high of $39.41. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $34.71. The firm has a market cap of $14.57 billion, a P/E ratio of 9.20, a PEG ratio of 1.64 and a beta of 1.47.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business posted $0.88 EPS. On average, research analysts forecast that Citizens Financial Group Inc will post 3.8 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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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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