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.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, July 20th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts forecast that Citizens Financial Group Inc will post 3.49 earnings per share for the current year.

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.

Featured Article: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group Inc (NYSE:CFG).

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.