River & Mercantile Asset Management LLP lifted its holdings in Citizens Financial Group Inc (NYSE:CFG) by 31.4% in the 4th quarter, HoldingsChannel reports. The firm owned 408,288 shares of the bank’s stock after purchasing an additional 97,656 shares during the quarter. Citizens Financial Group comprises about 1.1% of River & Mercantile Asset Management LLP’s holdings, making the stock its 15th biggest position. River & Mercantile Asset Management LLP’s holdings in Citizens Financial Group were worth $12,132,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC boosted its holdings in Citizens Financial Group by 16.0% in the 3rd quarter. Private Advisor Group LLC now owns 12,072 shares of the bank’s stock worth $466,000 after buying an additional 1,669 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock worth $655,180,000 after purchasing an additional 2,189,838 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $232,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Citizens Financial Group by 80.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,091 shares of the bank’s stock worth $196,000 after purchasing an additional 2,276 shares during the last quarter. Finally, AXA boosted its holdings in shares of Citizens Financial Group by 20.5% during the 3rd quarter. AXA now owns 167,777 shares of the bank’s stock worth $6,471,000 after purchasing an additional 28,600 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Several research analysts have recently weighed in on the company. ValuEngine cut Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, March 20th. Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $41.00 to $37.00 in a report on Wednesday, January 9th. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and decreased their price objective for the company from $44.00 to $40.00 in a report on Monday, January 7th. Finally, Barclays decreased their price objective on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.91.
NYSE CFG traded down $0.14 on Monday, reaching $31.63. The stock had a trading volume of 124,616 shares, compared to its average volume of 4,074,137. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.49 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Citizens Financial Group Inc has a 12-month low of $27.62 and a 12-month high of $43.62.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. Analysts anticipate that Citizens Financial Group Inc will post 3.88 EPS for the current fiscal year.
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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