Citizens Financial Group Target of Unusually Large Options Trading (NYSE:CFG)

Citizens Financial Group Inc (NYSE:CFG) was the target of unusually large options trading activity on Friday. Traders acquired 4,052 call options on the stock. This is an increase of approximately 3,194% compared to the typical volume of 123 call options.

In related news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sun Life Financial INC increased its holdings in shares of Citizens Financial Group by 41,266.7% in the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after purchasing an additional 3,714 shares during the period. Lipe & Dalton acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $207,000. Colony Group LLC acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $210,000. Courier Capital LLC acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $214,000. Finally, Quotient Investors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.

Several research firms recently weighed in on CFG. Deutsche Bank reaffirmed a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Bank of America reaffirmed an “underperform” rating and issued a $40.00 price objective (down previously from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. Barclays upped their price objective on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $41.46.

Citizens Financial Group (CFG) traded up $0.40 during midday trading on Thursday, reaching $45.30. The company’s stock had a trading volume of 3,292,415 shares, compared to its average volume of 5,222,227. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. The firm has a market cap of $22,090.00, a P/E ratio of 18.34, a PEG ratio of 0.99 and a beta of 1.37. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $45.46.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. research analysts forecast that Citizens Financial Group will post 2.59 earnings per share for the current fiscal year.

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About Citizens Financial Group

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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