Sciencast Management LP purchased a new position in Citizens Financial Group Inc (NYSE:CFG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,200 shares of the bank’s stock, valued at approximately $998,000.
A number of other hedge funds have also bought and sold shares of the business. Westbourne Investment Advisors Inc. boosted its position in shares of Citizens Financial Group by 72.4% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 13,300 shares of the bank’s stock valued at $432,000 after acquiring an additional 5,585 shares during the last quarter. Scout Investments Inc. raised its holdings in Citizens Financial Group by 41.2% during the 1st quarter. Scout Investments Inc. now owns 1,824,771 shares of the bank’s stock valued at $59,305,000 after buying an additional 532,846 shares during the period. Virtu Financial LLC purchased a new stake in Citizens Financial Group during the 1st quarter valued at $230,000. Ipswich Investment Management Co. Inc. raised its holdings in Citizens Financial Group by 23,695.0% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 71,385 shares of the bank’s stock valued at $2,320,000 after buying an additional 71,085 shares during the period. Finally, Shorepoint Capital Partners LLC purchased a new stake in Citizens Financial Group during the 1st quarter valued at $743,000. Institutional investors and hedge funds own 97.80% of the company’s stock.
NYSE:CFG opened at $34.45 on Tuesday. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $43.51. The firm has a market cap of $16.14 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.12 and a beta of 1.42. 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 (NYSE:CFG) last released its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Citizens Financial Group Inc will post 3.87 EPS for the current year.
Several research firms recently weighed in on CFG. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, March 25th. ValuEngine lowered Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Citigroup upgraded 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. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and decreased their price target for the company from $44.00 to $40.00 in a report on Monday, January 7th. Finally, Barclays decreased their price target on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.60.
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Citizens Financial Group 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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