Citizens Financial Group, Inc. $CFG Holdings Increased by Nvwm LLC

Nvwm LLC grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 15,228.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,029 shares of the bank’s stock after acquiring an additional 12,944 shares during the period. Nvwm LLC’s holdings in Citizens Financial Group were worth $831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CFG. Cookson Peirce & Co. Inc. raised its holdings in Citizens Financial Group by 0.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 56,309 shares of the bank’s stock worth $3,946,000 after purchasing an additional 174 shares in the last quarter. Trustmark Bank Trust Department increased its position in Citizens Financial Group by 4.9% during the 2nd quarter. Trustmark Bank Trust Department now owns 4,278 shares of the bank’s stock worth $300,000 after purchasing an additional 198 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Citizens Financial Group by 29.9% in the 3rd quarter. GoalVest Advisory LLC now owns 883 shares of the bank’s stock valued at $56,000 after buying an additional 203 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Citizens Financial Group by 0.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 64,323 shares of the bank’s stock worth $3,757,000 after acquiring an additional 220 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in Citizens Financial Group by 12.8% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,080 shares of the bank’s stock worth $125,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CFG shares. Morgan Stanley lowered their price target on Citizens Financial Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Robert W. Baird lifted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. TD Cowen assumed coverage on Citizens Financial Group in a research report on Thursday, October 8th. They set a “buy” rating and a $75.00 target price on the stock. Stephens upped their target price on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, Raymond James Financial initiated coverage on Citizens Financial Group in a report on Tuesday, October 6th. They issued a “strong-buy” rating and a $77.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $79.08.

Citizens Financial Group Price Performance

CFG stock opened at $62.51 on Thursday. The stock’s 50 day moving average price is $68.40 and its 200 day moving average price is $67.03. The firm has a market cap of $26.33 billion, a P/E ratio of 13.56, a PEG ratio of 0.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $47.96 and a 1 year high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the business posted $0.92 earnings per share. Citizens Financial Group’s revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.