Citizens Financial Group Inc (CFG) Position Boosted by Huntington National Bank

Huntington National Bank increased its stake in Citizens Financial Group Inc (NYSE:CFG) by 19.1% during the first quarter, HoldingsChannel.com reports. The fund owned 2,149 shares of the bank’s stock after buying an additional 345 shares during the period. Huntington National Bank’s holdings in Citizens Financial Group were worth $70,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CFG. Brookmont Capital Management increased its holdings in Citizens Financial Group by 13.2% in the fourth quarter. Brookmont Capital Management now owns 6,796 shares of the bank’s stock worth $202,000 after purchasing an additional 791 shares in the last quarter. Hotaling Investment Management LLC bought a new stake in Citizens Financial Group in the fourth quarter worth approximately $1,997,000. Morgan Stanley increased its holdings in Citizens Financial Group by 28.6% in the third quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock worth $112,917,000 after purchasing an additional 650,344 shares in the last quarter. Seacliff Capital LLC bought a new stake in Citizens Financial Group in the fourth quarter worth approximately $5,946,000. Finally, Advisor Partners LLC increased its holdings in Citizens Financial Group by 68.0% in the fourth quarter. Advisor Partners LLC now owns 10,810 shares of the bank’s stock worth $321,000 after purchasing an additional 4,374 shares in the last quarter. 97.80% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on CFG. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, March 25th. ValuEngine downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $41.00 to $37.00 in a report on Wednesday, January 9th. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and lowered their target price for the stock from $44.00 to $40.00 in a report on Monday, January 7th. Finally, Barclays lowered their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Citizens Financial Group has an average rating of “Buy” and an average target price of $41.60.

NYSE CFG opened at $34.90 on Wednesday. The company has a market cap of $15.86 billion, a PE ratio of 9.80, a PEG ratio of 1.10 and a beta of 1.41. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $43.51. 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 (NYSE:CFG) last released its quarterly earnings data on Friday, January 18th. The bank reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Citizens Financial Group Inc will post 3.87 earnings per share for the current fiscal year.

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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 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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