EJF Capital LLC raised its holdings in Citizens Financial Group Inc (NYSE:CFG) by 49.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,759,463 shares of the bank’s stock after purchasing an additional 581,081 shares during the period. Citizens Financial Group makes up about 7.7% of EJF Capital LLC’s portfolio, making the stock its largest holding. EJF Capital LLC owned approximately 0.39% of Citizens Financial Group worth $62,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CFG. Vanguard Group Inc. lifted its holdings in shares of Citizens Financial Group by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 51,389,678 shares of the bank’s stock worth $1,817,139,000 after acquiring an additional 492,162 shares during the period. BlackRock Inc. lifted its holdings in shares of Citizens Financial Group by 4.2% during the 1st quarter. BlackRock Inc. now owns 43,794,858 shares of the bank’s stock worth $1,423,333,000 after acquiring an additional 1,753,064 shares during the period. Invesco Ltd. lifted its holdings in shares of Citizens Financial Group by 2.1% during the 2nd quarter. Invesco Ltd. now owns 21,632,377 shares of the bank’s stock worth $764,921,000 after acquiring an additional 449,026 shares during the period. LSV Asset Management lifted its holdings in shares of Citizens Financial Group by 0.4% during the 2nd quarter. LSV Asset Management now owns 9,282,568 shares of the bank’s stock worth $328,231,000 after acquiring an additional 36,539 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Citizens Financial Group by 5.0% during the 2nd quarter. Bank of Montreal Can now owns 7,636,954 shares of the bank’s stock worth $270,041,000 after acquiring an additional 365,353 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the completion of the transaction, the director now directly owns 68,781 shares in the company, valued at approximately $2,231,943.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Shares of CFG traded up $0.05 during trading hours on Thursday, hitting $36.66. 619,475 shares of the stock were exchanged, compared to its average volume of 3,613,972. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $41.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.95. The business has a 50-day moving average of $34.06 and a 200-day moving average of $34.80. The firm has a market capitalization of $16.52 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.47.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, analysts forecast that Citizens Financial Group Inc will post 3.82 earnings per share for the current fiscal year.

Several brokerages recently commented on CFG. JPMorgan Chase & Co. dropped their price objective on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.00 to $35.00 in a research report on Friday, July 12th. Zacks Investment Research cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a research report on Friday, July 12th. Argus upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, July 29th. Finally, UBS Group cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.00 to $38.00 in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Citizens Financial Group currently has an average rating of “Hold” and an average price target of $40.42.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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