Scout Investments Inc. Raises Position in Citizens Financial Group Inc (CFG)

Scout Investments Inc. boosted its stake in Citizens Financial Group Inc (NYSE:CFG) by 1,037.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,291,925 shares of the bank’s stock after acquiring an additional 1,178,363 shares during the quarter. Citizens Financial Group makes up about 1.0% of Scout Investments Inc.’s investment portfolio, making the stock its 23rd biggest position. Scout Investments Inc.’s holdings in Citizens Financial Group were worth $38,409,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CFG. Cerebellum GP LLC lifted its stake in shares of Citizens Financial Group by 79.0% in the fourth quarter. Cerebellum GP LLC now owns 7,535 shares of the bank’s stock valued at $224,000 after buying an additional 3,325 shares in the last quarter. CENTRAL TRUST Co lifted its stake in shares of Citizens Financial Group by 14.7% in the fourth quarter. CENTRAL TRUST Co now owns 7,535 shares of the bank’s stock valued at $224,000 after buying an additional 966 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Citizens Financial Group by 2.3% during the third quarter. Federated Investors Inc. PA now owns 704,221 shares of the bank’s stock valued at $27,162,000 after purchasing an additional 16,082 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Citizens Financial Group by 93.6% during the third quarter. Marshall Wace LLP now owns 270,346 shares of the bank’s stock valued at $10,427,000 after purchasing an additional 130,703 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Citizens Financial Group by 28.6% during the third quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock valued at $112,917,000 after purchasing an additional 650,344 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

CFG has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Royal Bank of Canada raised shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. Bank of America raised shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, October 22nd. Macquarie raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 27th. Finally, Citigroup raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $41.00 to $37.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.46.

NYSE CFG traded up $0.39 during trading hours on Friday, reaching $32.63. 6,290,400 shares of the company were exchanged, compared to its average volume of 5,339,638. Citizens Financial Group Inc has a 1 year low of $27.62 and a 1 year high of $48.23. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 1.00. The company has a market capitalization of $15.17 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. As a group, analysts forecast that Citizens Financial Group Inc will post 3.52 EPS for the current fiscal year.

In other Citizens Financial Group news, Director Charles John Koch bought 14,000 shares of Citizens Financial Group stock in a transaction dated Tuesday, October 23rd. The stock was purchased at an average price of $36.32 per share, for a total transaction of $508,480.00. Following the completion of the purchase, the director now directly owns 49,937 shares of the company’s stock, valued at $1,813,711.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shivan S. Subramaniam bought 3,000 shares of Citizens Financial Group stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average price of $35.32 per share, with a total value of $105,960.00. Following the purchase, the director now directly owns 38,963 shares of the company’s stock, valued at $1,376,173.16. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide 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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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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