Traders Purchase High Volume of Citizens Financial Group Call Options (CFG)

Citizens Financial Group Inc (NYSE:CFG) saw some unusual options trading activity on Friday. Investors purchased 4,052 call options on the stock. This is an increase of 3,194% compared to the typical daily volume of 123 call options.

In other news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Citizens Financial Group by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 53,188,129 shares of the bank’s stock valued at $1,897,753,000 after purchasing an additional 1,328,293 shares in the last quarter. BlackRock Inc. lifted its holdings in Citizens Financial Group by 5.8% in the 2nd quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock valued at $1,610,961,000 after purchasing an additional 2,458,123 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Citizens Financial Group by 3.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,408,929 shares of the bank’s stock valued at $621,151,000 after purchasing an additional 581,232 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Citizens Financial Group by 14.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,470,644 shares of the bank’s stock valued at $434,393,000 after purchasing an additional 1,404,300 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Citizens Financial Group by 1.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,310,713 shares of the bank’s stock worth $332,206,000 after acquiring an additional 119,788 shares during the period. Institutional investors own 98.84% of the company’s stock.

CFG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 25th. Deutsche Bank reaffirmed a “hold” rating and set a $36.00 price target (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $43.00 in a research note on Thursday, September 14th. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Finally, Bank of America reiterated an “underperform” rating and issued a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and an average target price of $40.85.

Shares of Citizens Financial Group (NYSE CFG) opened at $41.70 on Monday. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $42.52. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of $20,516.03, a PE ratio of 16.88, a P/E/G ratio of 1.07 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. analysts anticipate that Citizens Financial Group will post 2.59 earnings per share for the current fiscal 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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