Clarfeld Financial Advisors LLC acquired a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the fourth quarter, HoldingsChannel reports. The firm acquired 22,811 shares of the bank’s stock, valued at approximately $678,000. Citizens Financial Group makes up about 0.6% of Clarfeld Financial Advisors LLC’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hotaling Investment Management LLC bought a new position in shares of Citizens Financial Group in the fourth quarter worth $1,997,000. Morgan Stanley grew its stake in shares of Citizens Financial Group by 28.6% in the third quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock worth $112,917,000 after purchasing an additional 650,344 shares in the last quarter. HRT Financial LLC bought a new position in shares of Citizens Financial Group in the third quarter worth $1,343,000. AXA grew its stake in shares of Citizens Financial Group by 20.5% in the third quarter. AXA now owns 167,777 shares of the bank’s stock worth $6,471,000 after purchasing an additional 28,600 shares in the last quarter. Finally, Advisor Partners LLC grew its stake in shares of Citizens Financial Group by 68.0% in the fourth quarter. Advisor Partners LLC now owns 10,810 shares of the bank’s stock worth $321,000 after purchasing an additional 4,374 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Several research firms have recently issued reports on CFG. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine cut Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Morgan Stanley cut their price objective on Citizens Financial Group from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, December 11th. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and cut their price objective for the company from $44.00 to $40.00 in a report on Monday, January 7th. Finally, Macquarie upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.91.

Shares of NYSE CFG opened at $31.61 on Tuesday. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $43.62. The firm has a market cap of $14.63 billion, a PE ratio of 8.88, a P/E/G ratio of 0.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 18th. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $0.71 earnings per share. Citizens Financial Group’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Citizens Financial Group Inc will post 3.88 earnings per share for the current fiscal year.

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About Citizens Financial Group

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

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