Citizens Financial Group Inc (CFG) Stake Increased by Oakbrook Investments LLC

Oakbrook Investments LLC lifted its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 32.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,915 shares of the bank’s stock after buying an additional 11,870 shares during the period. Oakbrook Investments LLC’s holdings in Citizens Financial Group were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Mercantile Trust Co. acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $102,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Citizens Financial Group by 8,430.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock worth $110,000 after purchasing an additional 2,782 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Citizens Financial Group by 120.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 5,120 shares of the bank’s stock worth $199,000 after purchasing an additional 2,795 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Citizens Financial Group by 1,477.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 84,021 shares of the bank’s stock worth $202,000 after purchasing an additional 78,694 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Citizens Financial Group during the 2nd quarter worth $213,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

CFG has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, September 18th. ValuEngine cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Finally, Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.89.

Shares of CFG opened at $36.37 on Friday. Citizens Financial Group Inc has a 1-year low of $34.88 and a 1-year high of $48.23. The firm has a market capitalization of $16.56 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.69 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $0.63 earnings per share. Citizens Financial Group’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Citizens Financial Group Inc will post 3.5 earnings per share for the current fiscal year.

About Citizens Financial Group

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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