BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 517,721 shares of the bank’s stock after selling 23,882 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.11% of Citizens Financial Group worth $21,734,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Barings LLC lifted its holdings in Citizens Financial Group by 45.1% during the 3rd quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after purchasing an additional 27,000 shares during the last quarter. Sei Investments Co. lifted its holdings in Citizens Financial Group by 55.9% during the 4th quarter. Sei Investments Co. now owns 222,558 shares of the bank’s stock worth $9,343,000 after purchasing an additional 79,802 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Citizens Financial Group by 0.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock worth $51,011,000 after purchasing an additional 8,700 shares during the last quarter. Dean Investment Associates LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth approximately $614,000. Finally, Toronto Dominion Bank lifted its holdings in Citizens Financial Group by 11.6% during the 4th quarter. Toronto Dominion Bank now owns 214,640 shares of the bank’s stock worth $9,010,000 after purchasing an additional 22,276 shares during the last quarter. 97.11% of the stock is owned by institutional investors and hedge funds.
CFG stock opened at $41.27 on Friday. Citizens Financial Group Inc has a 52 week low of $31.51 and a 52 week high of $48.23. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $21,890.64, a price-to-earnings ratio of 12.62, a PEG ratio of 0.75 and a beta of 1.40.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price objective on Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Finally, BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $42.36.
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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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