Sheaff Brock Investment Advisors LLC Has $839,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,524 shares of the bank’s stock after purchasing an additional 720 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Citizens Financial Group were worth $839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Citizens Financial Group by 2.4% during the 1st quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock worth $581,396,000 after acquiring an additional 391,502 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Citizens Financial Group by 4.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock worth $40,426,000 after acquiring an additional 47,855 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $267,000. Ameriprise Financial Inc. boosted its position in shares of Citizens Financial Group by 32.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,920,287 shares of the bank’s stock worth $66,349,000 after acquiring an additional 473,580 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Citizens Financial Group by 58.8% during the 1st quarter. Toronto Dominion Bank now owns 140,245 shares of the bank’s stock worth $4,846,000 after acquiring an additional 51,911 shares in the last quarter. 96.76% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on CFG. BidaskClub upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG restated a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, July 4th. BMO Capital Markets restated a “market perform” rating and issued a $39.00 target price (up previously from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.88.

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Shares of Citizens Financial Group, Inc. (NYSE:CFG) opened at 36.35 on Friday. The firm has a 50-day moving average of $34.03 and a 200 day moving average of $35.26. The company has a market capitalization of $18.20 billion, a P/E ratio of 15.52 and a beta of 1.32. Citizens Financial Group, Inc. has a 1-year low of $23.81 and a 1-year high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Citizens Financial Group, Inc. will post $2.53 earnings per share for the current year.

Citizens Financial Group declared that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in shares. This repurchase authorization authorizes the bank to purchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Citizens Financial Group Company 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.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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