M3F Inc. cut its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 48.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,400 shares of the bank’s stock after selling 129,600 shares during the quarter. Citizens Financial Group comprises 7.0% of M3F Inc.’s investment portfolio, making the stock its 2nd biggest holding. M3F Inc.’s holdings in Citizens Financial Group were worth $5,684,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC raised its stake in Citizens Financial Group by 7.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 531,448 shares of the bank’s stock valued at $22,310,000 after buying an additional 34,960 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at $6,390,000. LPL Financial LLC raised its stake in Citizens Financial Group by 14.7% during the fourth quarter. LPL Financial LLC now owns 39,962 shares of the bank’s stock valued at $1,678,000 after buying an additional 5,130 shares during the last quarter. Millennium Management LLC raised its stake in Citizens Financial Group by 13.0% during the fourth quarter. Millennium Management LLC now owns 1,735,002 shares of the bank’s stock valued at $72,835,000 after buying an additional 199,191 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in Citizens Financial Group during the fourth quarter valued at $774,000. Institutional investors own 97.11% of the company’s stock.
Citizens Financial Group stock remained flat at $$44.87 during mid-day trading on Monday. The company’s stock had a trading volume of 167,924 shares, compared to its average volume of 5,147,797. Citizens Financial Group Inc has a fifty-two week low of $31.51 and a fifty-two week high of $48.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $21,866.28, a PE ratio of 13.72, a PEG ratio of 0.75 and a beta of 1.40.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. equities analysts predict that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price objective on Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, January 22nd. 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 price objective for the company in a research note on Monday, December 4th. Finally, BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.36.
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About Citizens Financial Group
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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