D.A. Davidson & CO. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,845 shares of the bank’s stock after purchasing an additional 188 shares during the period. D.A. Davidson & CO.’s holdings in Citizens Financial Group were worth $244,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Citizens Financial Group by 4.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock valued at $40,426,000 after purchasing an additional 47,855 shares during the last quarter. Intrust Bank NA acquired a new position in Citizens Financial Group during the second quarter valued at approximately $267,000. Lazard Asset Management LLC grew its holdings in Citizens Financial Group by 16,695.7% during the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after purchasing an additional 2,762,808 shares during the last quarter. Todd Asset Management LLC grew its holdings in Citizens Financial Group by 33.4% during the second quarter. Todd Asset Management LLC now owns 1,819,023 shares of the bank’s stock valued at $64,903,000 after purchasing an additional 455,476 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd acquired a new position in Citizens Financial Group during the second quarter valued at approximately $1,629,000. Institutional investors own 96.76% of the company’s stock.

Shares of Citizens Financial Group, Inc. (NYSE:CFG) opened at 36.57 on Thursday. The firm has a market cap of $18.31 billion, a P/E ratio of 15.61 and a beta of 1.37. The firm’s 50-day moving average is $34.66 and its 200-day moving average is $35.22. Citizens Financial Group, Inc. has a 1-year low of $24.22 and a 1-year high of $39.75.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post $2.54 EPS for the current fiscal year.

Citizens Financial Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $850.00 million in outstanding shares. This repurchase authorization permits the bank to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several brokerages have commented on CFG. BidaskClub downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods set a $40.00 price target on Citizens Financial Group and gave the company a “buy” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a report on Thursday, June 22nd. Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.35.

COPYRIGHT VIOLATION WARNING: “D.A. Davidson & CO. Has $244,000 Holdings in Citizens Financial Group, Inc. (CFG)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/d-a-davidson-co-has-244000-holdings-in-citizens-financial-group-inc-cfg/1609544.html.

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.

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

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