Berkshire Asset Management LLC PA Buys New Position in Citizens Financial Group Inc (CFG)

Berkshire Asset Management LLC PA bought a new stake in Citizens Financial Group Inc (NYSE:CFG) in the 1st quarter, Holdings Channel reports. The firm bought 7,642 shares of the bank’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $26,000. PRW Wealth Management LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $32,000. Exane Asset Management acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $42,000. Sageworth Trust Co acquired a new position in shares of Citizens Financial Group in the 1st quarter valued at $50,000. Finally, CWM LLC lifted its stake in shares of Citizens Financial Group by 29.3% in the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock valued at $46,000 after purchasing an additional 348 shares during the period. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Several equities analysts recently issued reports on CFG shares. Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and decreased their target price for the company from $41.00 to $37.00 in a research note on Wednesday, January 9th. Royal Bank of Canada upgraded shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. Barclays decreased their target price on shares of Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 2nd. Goldman Sachs Group upgraded shares of Citizens Financial Group to a “buy” rating and decreased their target price for the company from $44.00 to $40.00 in a research note on Monday, January 7th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Buy” and a consensus target price of $41.60.

Shares of NYSE CFG opened at $34.90 on Wednesday. The firm has a market capitalization of $15.86 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.12 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Citizens Financial Group Inc has a one year low of $27.62 and a one year high of $43.51.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities research analysts expect that Citizens Financial Group Inc will post 3.87 earnings per share for the current year.

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Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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