Citizens Financial Group Inc (NYSE:CFG) Shares Acquired by Valeo Financial Advisors LLC

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Valeo Financial Advisors LLC lifted its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,578 shares of the bank’s stock after purchasing an additional 357 shares during the period. Valeo Financial Advisors LLC’s holdings in Citizens Financial Group were worth $127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in Citizens Financial Group by 23,866.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after purchasing an additional 716 shares during the period. Atwater Malick LLC purchased a new stake in Citizens Financial Group during the third quarter valued at about $30,000. Assetmark Inc. lifted its stake in Citizens Financial Group by 243.6% during the second quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after buying an additional 682 shares in the last quarter. Oakworth Capital Inc. lifted its stake in Citizens Financial Group by 739.0% during the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after buying an additional 1,042 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its stake in Citizens Financial Group by 162.6% during the second quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after buying an additional 844 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Charles John Koch acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price of $32.45 per share, for a total transaction of $486,750.00. Following the completion of the acquisition, the director now owns 68,781 shares of the company’s stock, valued at approximately $2,231,943.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

A number of equities analysts have recently weighed in on the company. 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. dropped their target price on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Citigroup downgraded 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, October 8th. Morgan Stanley dropped their target price on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Zacks Investment Research downgraded 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 Wednesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $39.96.

Shares of CFG traded up $0.66 during trading hours on Friday, reaching $35.34. The company’s stock had a trading volume of 1,842,250 shares, compared to its average volume of 4,560,496. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.42 and a beta of 1.47. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $38.64. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $34.79 and a two-hundred day moving average of $34.81.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 18th. The bank reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts forecast that Citizens Financial Group Inc will post 3.79 EPS for the current fiscal year.

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 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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