Citizens Financial Group, Inc. $CFG Shares Purchased by Triumph Capital Management

Triumph Capital Management raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 88,440.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,978 shares of the bank’s stock after acquiring an additional 61,908 shares during the quarter. Triumph Capital Management’s holdings in Citizens Financial Group were worth $3,952,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in Citizens Financial Group during the second quarter valued at approximately $3,415,046,000. Dimensional Fund Advisors LP lifted its position in Citizens Financial Group by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after buying an additional 28,602 shares in the last quarter. Amundi boosted its stake in shares of Citizens Financial Group by 31.2% during the 2nd quarter. Amundi now owns 3,685,819 shares of the bank’s stock valued at $258,265,000 after buying an additional 875,666 shares during the period. Bank of America Corp DE purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at $223,386,000. Finally, Legal & General Group Plc acquired a new stake in Citizens Financial Group during the second quarter valued at $207,234,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Citizens Financial Group stock traded down $0.79 on Wednesday, reaching $62.51. 4,481,779 shares of the stock were exchanged, compared to its average volume of 4,596,083. The stock has a market cap of $26.33 billion, a PE ratio of 13.56, a PEG ratio of 0.58 and a beta of 0.72. The firm has a fifty day moving average price of $68.62 and a two-hundred day moving average price of $67.00. Citizens Financial Group, Inc. has a twelve month low of $47.96 and a twelve 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.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CFG shares. Argus set a $80.00 price target on Citizens Financial Group in a research note on Wednesday, July 29th. Citigroup lifted their price objective on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Barclays increased their target price on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Stephens raised their target price on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.

Insider Transactions at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

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.