Northwestern Mutual Investment Management Company LLC raised its stake in shares of Citizens Financial Group Inc. (NYSE:CFG) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,180 shares of the company’s stock after buying an additional 27 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Citizens Financial Group were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its position in shares of Citizens Financial Group by 16.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,080 shares of the company’s stock valued at $1,469,000 after buying an additional 8,100 shares during the period. Norges Bank purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at about $103,956,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Citizens Financial Group during the first quarter valued at about $9,442,000. Exxonmobil Investment Management Inc. TX purchased a new position in shares of Citizens Financial Group during the first quarter valued at about $2,692,000. Finally, First Manhattan Co. boosted its position in shares of Citizens Financial Group by 24.2% in the first quarter. First Manhattan Co. now owns 182,947 shares of the company’s stock valued at $3,832,000 after buying an additional 35,697 shares during the period. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Shares of Citizens Financial Group Inc. (NYSE:CFG) opened at 24.31 on Thursday. The company’s 50-day moving average price is $23.94 and its 200-day moving average price is $22.37. The firm has a market cap of $12.63 billion, a PE ratio of 14.39 and a beta of 1.19. Citizens Financial Group Inc. has a 52-week low of $18.04 and a 52-week high of $27.17.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 21st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $0.40 EPS. Citizens Financial Group’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Citizens Financial Group Inc. will post $1.85 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on CFG. Citigroup Inc. lifted their price target on Citizens Financial Group from $23.00 to $26.00 in a research report on Thursday, September 8th. Deutsche Bank AG restated a “buy” rating on shares of Citizens Financial Group in a report on Saturday, June 4th. Credit Suisse Group AG lifted their target price on Citizens Financial Group from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Barclays PLC restated a “hold” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.08.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

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