Citizens Financial Group Inc (NYSE:CFG) was the target of some unusual options trading on Friday. Traders acquired 4,052 call options on the stock. This is an increase of 3,194% compared to the average volume of 123 call options.

Several research firms have weighed in on CFG. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $40.00 to $39.00 in a research report on Tuesday. Morgan Stanley lifted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Deutsche Bank reaffirmed a “hold” rating and set a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, December 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $40.85.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction that occurred 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 sale, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Citizens Financial Group by 4.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock worth $40,426,000 after purchasing an additional 47,855 shares in the last quarter. Barings LLC raised its holdings in Citizens Financial Group by 45.1% in the 3rd quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after acquiring an additional 27,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Citizens Financial Group by 0.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock worth $51,011,000 after acquiring an additional 8,700 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Citizens Financial Group by 16,695.7% in the 2nd quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock worth $99,167,000 after acquiring an additional 2,762,808 shares during the last quarter. Finally, Boston Advisors LLC raised its holdings in Citizens Financial Group by 10.4% in the 3rd quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock worth $25,003,000 after acquiring an additional 61,942 shares during the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citizens Financial Group (CFG) opened at $42.08 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $42.83. The company has a market capitalization of $20,516.04, a P/E ratio of 16.88, a PEG ratio of 1.07 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts predict that Citizens Financial Group will post 2.59 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Citizens Financial Group Target of Unusually Large Options Trading (CFG)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/citizens-financial-group-target-of-unusually-large-options-trading-cfg/1773697.html.

Citizens Financial Group Company Profile

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.

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.