Sessa Capital IM L.P. trimmed its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 42.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the bank’s stock after selling 222,682 shares during the period. Citizens Financial Group makes up about 1.3% of Sessa Capital IM L.P.’s investment portfolio, making the stock its 13th largest holding. Sessa Capital IM L.P. owned 0.06% of Citizens Financial Group worth $11,361,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc boosted its stake in shares of Citizens Financial Group by 172.1% in the 2nd quarter. IFP Advisors Inc now owns 16,050 shares of the bank’s stock worth $573,000 after buying an additional 10,151 shares during the last quarter. Global X Management Co. LLC raised its holdings in Citizens Financial Group by 52.4% in the 2nd quarter. Global X Management Co. LLC now owns 18,958 shares of the bank’s stock worth $676,000 after purchasing an additional 6,517 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Citizens Financial Group by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,576,326 shares of the bank’s stock worth $91,924,000 after purchasing an additional 26,615 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Citizens Financial Group by 130.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 249,590 shares of the bank’s stock worth $8,972,000 after purchasing an additional 141,141 shares during the period. Finally, Dupont Capital Management Corp raised its holdings in Citizens Financial Group by 493.3% in the 2nd quarter. Dupont Capital Management Corp now owns 198,172 shares of the bank’s stock worth $7,071,000 after purchasing an additional 164,770 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, September 18th. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Citigroup reissued a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Barclays lifted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Citizens Financial Group has an average rating of “Hold” and a consensus price target of $41.46.
Citizens Financial Group Inc (NYSE CFG) traded up $0.70 during trading on Tuesday, hitting $42.68. 5,072,777 shares of the stock traded hands, compared to its average volume of 3,858,650. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group Inc has a 1 year low of $31.51 and a 1 year high of $42.93. The company has a market capitalization of $21,000.00, a P/E ratio of 17.28, a PEG ratio of 1.07 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. research analysts expect that Citizens Financial Group Inc will post 2.59 earnings per share for the current year.
In related news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.
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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