Raymond James & Associates increased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 21.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 237,980 shares of the bank’s stock after purchasing an additional 41,518 shares during the period. Raymond James & Associates’ holdings in Citizens Financial Group were worth $9,990,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in CFG. Cerebellum GP LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $131,000. Valeo Financial Advisors LLC grew its stake in Citizens Financial Group by 128.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock worth $132,000 after buying an additional 1,770 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Citizens Financial Group by 315.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after buying an additional 2,580 shares during the last quarter. HPM Partners LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $201,000. Finally, James Hambro & Partners purchased a new position in Citizens Financial Group during the 4th quarter worth $207,000. Hedge funds and other institutional investors own 97.11% of the company’s stock.
Several research analysts recently weighed in on CFG shares. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, December 4th. Morgan Stanley lifted their price target on Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $40.00 to $39.00 in a research report on Tuesday, December 19th. Finally, Barclays lifted their price target 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.36.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts forecast that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.
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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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