Bank of America Corp DE Grows Holdings in Citizens Financial Group Inc (CFG)

Bank of America Corp DE raised its stake in Citizens Financial Group Inc (NYSE:CFG) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,697,242 shares of the bank’s stock after buying an additional 55,276 shares during the period. Bank of America Corp DE owned about 0.78% of Citizens Financial Group worth $143,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CFG. IFM Investors Pty Ltd lifted its position in shares of Citizens Financial Group by 8.1% in the 1st quarter. IFM Investors Pty Ltd now owns 16,234 shares of the bank’s stock worth $682,000 after purchasing an additional 1,220 shares during the period. Amalgamated Bank lifted its position in Citizens Financial Group by 2.1% during the second quarter. Amalgamated Bank now owns 62,504 shares of the bank’s stock valued at $2,431,000 after acquiring an additional 1,276 shares during the last quarter. Sei Investments Co. lifted its position in Citizens Financial Group by 0.4% during the second quarter. Sei Investments Co. now owns 315,289 shares of the bank’s stock valued at $12,264,000 after acquiring an additional 1,287 shares during the last quarter. Greenleaf Trust lifted its position in Citizens Financial Group by 23.4% during the second quarter. Greenleaf Trust now owns 7,469 shares of the bank’s stock valued at $291,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Citizens Financial Group by 23.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,608 shares of the bank’s stock valued at $335,000 after acquiring an additional 1,614 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Shares of Citizens Financial Group stock opened at $40.14 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group Inc has a 12-month low of $34.42 and a 12-month high of $48.23. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 0.54 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.63 EPS. Citizens Financial Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts forecast that Citizens Financial Group Inc will post 3.49 EPS for the current year.

A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Wednesday, May 30th. Finally, Morgan Stanley increased their target price on shares of Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $46.40.

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 provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Read More: How to Use a Moving Average for Trading 

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group Inc (NYSE:CFG).

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply