Citizens Financial Group Inc (CFG) Shares Sold by Fmr LLC
Fmr LLC lowered its position in Citizens Financial Group Inc (NYSE:CFG) by 2.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,481,415 shares of the bank’s stock after selling 43,619 shares during the quarter. Fmr LLC’s holdings in Citizens Financial Group were worth $57,627,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new stake in Citizens Financial Group during the second quarter worth $102,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Citizens Financial Group by 8,430.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock worth $110,000 after buying an additional 2,782 shares during the period. First Personal Financial Services purchased a new stake in Citizens Financial Group during the first quarter worth $112,000. Adviser Investments LLC purchased a new stake in Citizens Financial Group during the first quarter worth $155,000. Finally, Citizens Financial Group Inc RI lifted its holdings in Citizens Financial Group by 255.4% during the first quarter. Citizens Financial Group Inc RI now owns 3,796 shares of the bank’s stock worth $159,000 after buying an additional 2,728 shares during the period. 96.78% of the stock is currently owned by institutional investors.
Shares of CFG opened at $40.98 on Monday. Citizens Financial Group Inc has a 12 month low of $36.03 and a 12 month high of $48.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. The firm has a market cap of $19.50 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.55 and a beta of 1.37.
A number of research firms have weighed in on CFG. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Morgan Stanley increased their price objective on Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Finally, Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price objective for the company in a report on Wednesday, May 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $46.20.
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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