Northside Capital Management LLC acquired a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,071 shares of the bank’s stock, valued at approximately $215,000.
Other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its stake in Citizens Financial Group by 23,866.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after acquiring an additional 716 shares in the last quarter. Assetmark Inc. raised its stake in Citizens Financial Group by 243.6% during the second quarter. Assetmark Inc. now owns 962 shares of the bank’s stock worth $34,000 after acquiring an additional 682 shares in the last quarter. Oakworth Capital Inc. raised its stake in Citizens Financial Group by 739.0% during the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock worth $41,000 after acquiring an additional 1,042 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Citizens Financial Group by 162.6% during the second quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock worth $48,000 after acquiring an additional 844 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Citizens Financial Group during the second quarter worth $49,000. Hedge funds and other institutional investors own 96.57% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price objective for the company. in a research note on Friday, July 12th. UBS Group lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Wednesday, July 10th. Citigroup lowered Citizens Financial Group from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $39.00 to $32.00 in a research note on Tuesday. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a report on Thursday. Three 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 stock currently has a consensus rating of “Hold” and a consensus price target of $39.96.
Shares of CFG stock traded up $0.98 during trading hours on Friday, hitting $34.75. 2,427,208 shares of the company’s stock were exchanged, compared to its average volume of 4,538,639. The stock’s 50-day moving average is $34.43 and its 200-day moving average is $34.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $38.64.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, July 19th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same quarter in the prior year, the business earned $0.88 earnings per share. Equities research analysts forecast that Citizens Financial Group Inc will post 3.8 earnings per share for the current fiscal year.
Citizens Financial Group Profile
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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