Ancora Advisors LLC Trims Holdings in Citizens Financial Group Inc (CFG)

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Ancora Advisors LLC decreased its position in Citizens Financial Group Inc (NYSE:CFG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,762 shares of the bank’s stock after selling 1,191 shares during the quarter. Ancora Advisors LLC’s holdings in Citizens Financial Group were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CFG. Acadian Asset Management LLC bought a new stake in Citizens Financial Group in the 3rd quarter worth approximately $158,000. Private Advisor Group LLC increased its stake 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 acquiring an additional 1,669 shares during the last quarter. SG Americas Securities LLC increased its stake in Citizens Financial Group by 80.9% in the 3rd quarter. SG Americas Securities LLC now owns 98,045 shares of the bank’s stock worth $3,782,000 after acquiring an additional 43,839 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Citizens Financial Group by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock worth $655,180,000 after acquiring an additional 2,189,838 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in Citizens Financial Group in the 3rd quarter worth approximately $232,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on CFG shares. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, January 23rd. Citigroup raised Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $41.00 to $37.00 in a research report on Wednesday, January 9th. Goldman Sachs Group raised Citizens Financial Group to a “buy” rating and cut their target price for the company from $44.00 to $40.00 in a research report on Monday, January 7th. Finally, Barclays cut their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.91.

NYSE CFG opened at $33.28 on Friday. The company has a market cap of $15.77 billion, a PE ratio of 9.35, a P/E/G ratio of 0.55 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $44.53.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities analysts expect that Citizens Financial Group Inc will post 3.88 earnings per share for the current year.

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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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