Prudential Financial Inc. decreased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643,986 shares of the bank’s stock after selling 148,594 shares during the period. Prudential Financial Inc. owned 0.33% of Citizens Financial Group worth $62,258,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC raised its stake in Citizens Financial Group by 2,682.0% during the 2nd quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock worth $290,393,000 after buying an additional 7,846,303 shares during the period. Voya Investment Management LLC raised its stake in Citizens Financial Group by 199.3% during the 2nd quarter. Voya Investment Management LLC now owns 5,276,361 shares of the bank’s stock worth $188,261,000 after buying an additional 3,513,196 shares during the period. Lazard Asset Management LLC raised its stake in Citizens Financial Group by 16,695.7% during the 2nd quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock worth $99,167,000 after buying an additional 2,762,808 shares during the period. BlackRock Inc. raised its stake in Citizens Financial Group by 5.8% during the 2nd quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock worth $1,610,961,000 after buying an additional 2,458,123 shares during the period. Finally, Standard Life Investments LTD raised its stake in Citizens Financial Group by 56.5% during the 2nd quarter. Standard Life Investments LTD now owns 4,980,789 shares of the bank’s stock worth $177,690,000 after buying an additional 1,798,860 shares during the period. Institutional investors own 98.48% of the company’s stock.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on CFG shares. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research raised 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 Wednesday, October 25th. Barclays increased their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $41.46.
Shares of Citizens Financial Group Inc (NYSE:CFG) opened at $43.88 on Friday. 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 company has a market capitalization of $21,590.00, a P/E ratio of 17.77, a P/E/G ratio of 1.00 and a beta of 1.37. Citizens Financial Group Inc has a 52-week low of $31.51 and a 52-week high of $44.33.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $0.52 earnings per share. Citizens Financial Group’s revenue was up 4.6% compared to the same quarter last year. research analysts anticipate that Citizens Financial Group Inc will post 2.59 EPS for the current fiscal year.
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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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