US Bancorp DE Has $1.27 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

US Bancorp DE cut its position in Citizens Financial Group, Inc. (NYSE:CFGGet Rating) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,969 shares of the bank’s stock after selling 3,094 shares during the period. US Bancorp DE’s holdings in Citizens Financial Group were worth $1,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Capital Group LLC raised its stake in shares of Citizens Financial Group by 438.7% in the second quarter. Private Capital Group LLC now owns 738 shares of the bank’s stock worth $26,000 after acquiring an additional 601 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Citizens Financial Group by 655.0% in the second quarter. CVA Family Office LLC now owns 755 shares of the bank’s stock worth $27,000 after acquiring an additional 655 shares during the last quarter. Evoke Wealth LLC raised its stake in shares of Citizens Financial Group by 79.2% in the second quarter. Evoke Wealth LLC now owns 826 shares of the bank’s stock worth $29,000 after acquiring an additional 365 shares during the last quarter. American Research & Management Co. raised its stake in shares of Citizens Financial Group by 605.6% in the second quarter. American Research & Management Co. now owns 882 shares of the bank’s stock worth $31,000 after acquiring an additional 757 shares during the last quarter. Finally, Sageworth Trust Co of South Dakota bought a new position in shares of Citizens Financial Group in the second quarter worth about $31,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Citizens Financial Group from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Citigroup boosted their price target on shares of Citizens Financial Group to $42.00 in a research note on Tuesday, November 15th. Wedbush downgraded shares of Citizens Financial Group from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Tuesday, January 3rd. Credit Suisse Group boosted their price target on shares of Citizens Financial Group from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Citizens Financial Group from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, October 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Citizens Financial Group Stock Down 2.2 %

Shares of NYSE CFG opened at $40.82 on Wednesday. The stock has a market cap of $20.10 billion, a P/E ratio of 10.21 and a beta of 1.37. Citizens Financial Group, Inc. has a 52-week low of $32.65 and a 52-week high of $57.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a 50 day moving average price of $40.26 and a 200 day moving average price of $38.28.

Citizens Financial Group (NYSE:CFGGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Citizens Financial Group had a net margin of 24.05% and a return on equity of 10.88%. During the same quarter in the prior year, the company earned $1.22 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 4.31 EPS for the current year.

Citizens Financial Group Company Profile

(Get Rating)

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Featured Articles

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.