12,944 Citizens Financial Group, Inc. $CFG Shares Acquired by Nvwm LLC

Nvwm LLC increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 15,228.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,029 shares of the bank’s stock after acquiring an additional 12,944 shares during the quarter. Nvwm LLC’s holdings in Citizens Financial Group were worth $831,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. BlackRock Inc. acquired a new position in Citizens Financial Group in the 2nd quarter valued at $3,415,046,000. Bank of America Corp DE purchased a new position in shares of Citizens Financial Group during the 2nd quarter worth $223,386,000. Legal & General Group Plc acquired a new stake in shares of Citizens Financial Group during the second quarter worth $207,234,000. Nykredit A S acquired a new stake in shares of Citizens Financial Group during the second quarter worth $188,380,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Citizens Financial Group during the second quarter worth $175,948,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CFG shares. Cantor Fitzgerald lowered their price objective on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Raymond James Financial initiated coverage on Citizens Financial Group in a research report on Tuesday, October 6th. They set a “strong-buy” rating and a $77.00 target price on the stock. TD Cowen initiated coverage on Citizens Financial Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $75.00 price target on the stock. Barclays lifted their price target on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada upped their price objective on shares of Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $79.08.

Citizens Financial Group Price Performance

CFG stock opened at $62.51 on Thursday. The stock has a 50-day moving average price of $68.40 and a two-hundred day moving average price of $67.03. Citizens Financial Group, Inc. has a 12-month low of $47.96 and a 12-month high of $75.33. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The company has a market cap of $26.33 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. As a group, research analysts predict that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other news, CEO Bruce Van Saun sold 129,369 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the sale, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.