7,800 Shares in Citizens Financial Group Inc (NYSE:CFG) Bought by Denali Advisors LLC

Denali Advisors LLC acquired a new position in Citizens Financial Group Inc (NYSE:CFG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,800 shares of the bank’s stock, valued at approximately $276,000.

Several other institutional investors have also modified their holdings of the stock. Coastal Investment Advisors Inc. grew its holdings in Citizens Financial Group by 19.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,055 shares of the bank’s stock worth $73,000 after acquiring an additional 333 shares during the last quarter. First Interstate Bank grew its holdings in Citizens Financial Group by 13.8% in the 2nd quarter. First Interstate Bank now owns 2,746 shares of the bank’s stock worth $97,000 after acquiring an additional 334 shares during the last quarter. RKL Wealth Management LLC grew its holdings in Citizens Financial Group by 1.1% in the 2nd 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 during the last quarter. Huntington National Bank grew its holdings in Citizens Financial Group by 18.1% in the 2nd quarter. Huntington National Bank now owns 2,538 shares of the bank’s stock worth $90,000 after acquiring an additional 389 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in Citizens Financial Group by 5.1% in the 2nd quarter. Greenleaf Trust now owns 8,248 shares of the bank’s stock worth $292,000 after acquiring an additional 397 shares during the last quarter. 96.57% of the stock is currently owned by institutional investors.

In related news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of $32.45 per share, with a total value of $486,750.00. Following the completion of the acquisition, the director now directly owns 68,781 shares of the company’s stock, valued at $2,231,943.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by insiders.

CFG has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a research note on Thursday. Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a research note on Friday, July 12th. Citigroup lowered shares of Citizens Financial Group from a “neutral” rating to a “sell” rating and cut their target price for the company from $39.00 to $32.00 in a research note on Tuesday. Morgan Stanley cut their target price on shares of Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.96.

CFG opened at $33.77 on Friday. 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 firm has a 50 day moving average price of $34.43 and a 200-day moving average price of $34.72. Citizens Financial Group Inc has a twelve month low of $27.62 and a twelve month high of $38.64. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.58 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, beating the consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company earned $0.88 earnings per share. As a group, analysts expect that Citizens Financial Group Inc will post 3.8 earnings per share for the current 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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