Bremer Trust National Association reduced its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,773 shares of the bank’s stock after selling 5,246 shares during the quarter. Citizens Financial Group comprises 1.0% of Bremer Trust National Association’s portfolio, making the stock its 18th largest holding. Bremer Trust National Association’s holdings in Citizens Financial Group were worth $3,768,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. First Allied Advisory Services Inc. raised its holdings in shares of Citizens Financial Group by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock worth $250,000 after acquiring an additional 76 shares in the last quarter. Veritable L.P. raised its holdings in shares of Citizens Financial Group by 1.2% during the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock worth $229,000 after acquiring an additional 79 shares in the last quarter. D.A. Davidson & CO. increased its position in Citizens Financial Group by 2.8% during the second quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after buying an additional 188 shares during the last quarter. Moors & Cabot Inc. increased its position in Citizens Financial Group by 1.8% during the second quarter. Moors & Cabot Inc. now owns 19,187 shares of the bank’s stock worth $687,000 after buying an additional 337 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in Citizens Financial Group by 6.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,533 shares of the bank’s stock worth $304,000 after buying an additional 500 shares during the last quarter. Institutional investors own 98.48% of the company’s stock.
Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Citigroup reissued a “neutral” rating and set a $42.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Barclays lifted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, December 4th. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.46.
In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by insiders.
Shares of Citizens Financial Group Inc (NYSE CFG) traded up $1.06 during trading on Friday, hitting $46.82. 7,826,160 shares of the company were exchanged, compared to its average volume of 4,972,946. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. Citizens Financial Group Inc has a fifty-two week low of $31.51 and a fifty-two week high of $47.32. The firm has a market capitalization of $23,040.00, a price-to-earnings ratio of 18.96, a P/E/G ratio of 0.69 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, January 18th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts anticipate that Citizens Financial Group Inc will post 2.58 earnings per share for the current fiscal year.
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.
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