Atlantic Trust Group LLC acquired a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,336,046 shares of the bank’s stock, valued at approximately $50,596,000. Atlantic Trust Group LLC owned approximately 0.27% of Citizens Financial Group at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of Citizens Financial Group by 2,682.0% in the second quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock valued at $290,393,000 after purchasing an additional 7,846,303 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Citizens Financial Group by 199.3% in the second quarter. Voya Investment Management LLC now owns 5,276,361 shares of the bank’s stock valued at $188,261,000 after purchasing an additional 3,513,196 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Citizens Financial Group by 16,695.7% in the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after purchasing an additional 2,762,808 shares in the last quarter. BlackRock Inc. grew its position in shares of Citizens Financial Group by 5.8% in the second 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. Finally, Standard Life Investments LTD grew its position in shares of Citizens Financial Group by 56.5% in the second quarter. Standard Life Investments LTD now owns 4,980,789 shares of the bank’s stock valued at $177,690,000 after purchasing an additional 1,798,860 shares in the last quarter. Institutional investors own 98.48% of the company’s stock.
In related news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.
Shares of Citizens Financial Group Inc (NYSE:CFG) traded up $0.22 during mid-day trading on Friday, hitting $45.52. The company’s stock had a trading volume of 2,267,332 shares, compared to its average volume of 3,993,875. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $45.79. The stock has a market capitalization of $22,287.21, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts forecast that Citizens Financial Group Inc will post 2.58 EPS for the current fiscal year.
A number of research firms recently commented on CFG. Deutsche Bank reiterated a “hold” rating and issued a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. 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 report on Monday, October 2nd. Barclays upped their price target on Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Citizens Financial Group has an average rating of “Hold” and an average target price of $41.46.
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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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