Citizens Financial Group Inc (CFG) Holdings Decreased by Marshall Wace North America L.P.
Marshall Wace North America L.P. lowered its holdings in Citizens Financial Group Inc (NYSE:CFG) by 82.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,402 shares of the bank’s stock after selling 195,404 shares during the period. Marshall Wace North America L.P.’s holdings in Citizens Financial Group were worth $1,635,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Sei Investments Co. increased its position in shares of Citizens Financial Group by 0.4% during the 2nd quarter. Sei Investments Co. now owns 315,289 shares of the bank’s stock valued at $12,264,000 after purchasing an additional 1,287 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Citizens Financial Group by 1.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 101,285 shares of the bank’s stock worth $3,940,000 after acquiring an additional 1,363 shares during the last quarter. Greenleaf Trust grew its position in Citizens Financial Group by 23.4% during the 2nd quarter. Greenleaf Trust now owns 7,469 shares of the bank’s stock worth $291,000 after acquiring an additional 1,414 shares during the last quarter. Synovus Financial Corp grew its position in Citizens Financial Group by 67.3% during the 3rd quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock worth $137,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Citizens Financial Group by 16.0% during the 3rd quarter. Private Advisor Group LLC now owns 12,072 shares of the bank’s stock worth $466,000 after acquiring an additional 1,669 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price target on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 18th. ValuEngine lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Monday, October 22nd. Finally, Bank of America upgraded Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.83.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Citizens Financial Group had a return on equity of 8.11% and a net margin of 27.12%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Research analysts forecast that Citizens Financial Group Inc will post 3.52 earnings per share for the current year.
In other Citizens Financial Group news, Director Shivan S. Subramaniam acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average cost of $35.32 per share, for a total transaction of $105,960.00. Following the transaction, the director now owns 38,963 shares in the company, valued at $1,376,173.16. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles John Koch acquired 14,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was acquired at an average price of $36.32 per share, for a total transaction of $508,480.00. Following the completion of the transaction, the director now owns 49,937 shares in the company, valued at approximately $1,813,711.84. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide 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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