Parametric Portfolio Associates LLC raised its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 16.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,290,294 shares of the bank’s stock after purchasing an additional 183,823 shares during the quarter. Parametric Portfolio Associates LLC owned 0.26% of Citizens Financial Group worth $48,863,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CFG. Vanguard Group Inc. grew its stake in shares of Citizens Financial Group by 2.6% in the second quarter. Vanguard Group Inc. now owns 53,188,129 shares of the bank’s stock worth $1,897,753,000 after acquiring an additional 1,328,293 shares during the period. BlackRock Inc. grew its stake in shares of Citizens Financial Group by 5.8% in the second quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock worth $1,610,961,000 after acquiring an additional 2,458,123 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Citizens Financial Group by 3.5% in the second quarter. JPMorgan Chase & Co. now owns 17,408,929 shares of the bank’s stock worth $621,151,000 after acquiring an additional 581,232 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Citizens Financial Group by 14.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,470,644 shares of the bank’s stock worth $434,393,000 after acquiring an additional 1,404,300 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of Citizens Financial Group by 1.3% in the second quarter. Artisan Partners Limited Partnership now owns 9,310,713 shares of the bank’s stock worth $332,206,000 after acquiring an additional 119,788 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Monday, September 18th. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their target price for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Citigroup restated a “neutral” rating and set a $42.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Barclays boosted their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.46.
Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts expect that Citizens Financial Group Inc will post 2.59 EPS for the current year.
In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by insiders.
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Citizens Financial Group Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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