Citizens Financial Group, Inc. $CFG Shares Purchased by Donoghue Forlines LLC

Donoghue Forlines LLC grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 98.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 70,637 shares of the bank’s stock after acquiring an additional 35,055 shares during the period. Citizens Financial Group comprises 1.1% of Donoghue Forlines LLC’s holdings, making the stock its 10th largest holding. Donoghue Forlines LLC’s holdings in Citizens Financial Group were worth $3,755,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC boosted its holdings in Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Citizens Financial Group by 26.9% during the second quarter. Parallel Advisors LLC now owns 5,589 shares of the bank’s stock worth $250,000 after buying an additional 1,185 shares during the period. Finally, Sivia Capital Partners LLC raised its stake in Citizens Financial Group by 93.4% during the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after buying an additional 4,739 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.3%

Shares of Citizens Financial Group stock opened at $60.82 on Friday. The stock has a market capitalization of $26.12 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $62.16. The stock has a 50 day moving average price of $56.81 and a two-hundred day moving average price of $52.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. UBS Group upped their target price on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Cowen reaffirmed a “buy” rating on shares of Citizens Financial Group in a research note on Monday, December 1st. Citigroup raised Citizens Financial Group from a “neutral” rating to an “overweight” rating in a research note on Monday, January 5th. Finally, Morgan Stanley raised shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $53.00 to $71.00 in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.33.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.