Citizens Financial Group Inc (CFG) Position Raised by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,290,294 shares of the bank’s stock after purchasing an additional 183,823 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.26% of Citizens Financial Group worth $48,863,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in Citizens Financial Group by 2,682.0% in the second quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock valued at $290,393,000 after buying an additional 7,846,303 shares during the last quarter. Voya Investment Management LLC lifted its stake in Citizens Financial Group by 199.3% in the second quarter. Voya Investment Management LLC now owns 5,276,361 shares of the bank’s stock valued at $188,261,000 after buying an additional 3,513,196 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Citizens Financial Group by 16,695.7% in the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after buying an additional 2,762,808 shares during the last quarter. BlackRock Inc. lifted its stake in Citizens Financial Group by 5.8% in the second quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock valued at $1,610,961,000 after buying an additional 2,458,123 shares during the last quarter. Finally, Standard Life Investments LTD lifted its stake in Citizens Financial Group by 56.5% in the second quarter. Standard Life Investments LTD now owns 4,980,789 shares of the bank’s stock valued at $177,690,000 after buying an additional 1,798,860 shares during the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.
In related news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Citizens Financial Group Inc (NYSE:CFG) opened at $42.08 on Wednesday. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $42.83. The stock has a market capitalization of $20,678.40, a P/E ratio of 17.02, a PEG ratio of 1.07 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. Citizens Financial Group’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that Citizens Financial Group Inc will post 2.59 EPS for the current year.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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