Maverick Capital Ltd. acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 67,900 shares of the bank’s stock, valued at approximately $2,423,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CFG. BlackRock Inc. grew its position in shares of Citizens Financial Group by 1,533.4% in the 1st quarter. BlackRock Inc. now owns 42,692,103 shares of the bank’s stock valued at $1,475,015,000 after acquiring an additional 40,078,389 shares during the period. Janus Henderson Group PLC grew its position in shares of Citizens Financial Group by 2,682.0% in the 2nd quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock valued at $290,393,000 after acquiring an additional 7,846,303 shares during the period. Janus Capital Management LLC grew its position in shares of Citizens Financial Group by 2,490.8% in the 1st quarter. Janus Capital Management LLC now owns 4,632,828 shares of the bank’s stock valued at $160,064,000 after acquiring an additional 4,454,009 shares during the period. Voya Investment Management LLC grew its position in shares of Citizens Financial Group by 199.3% in the 2nd quarter. Voya Investment Management LLC now owns 5,276,361 shares of the bank’s stock valued at $188,261,000 after acquiring an additional 3,513,196 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of 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 valued at $99,167,000 after acquiring an additional 2,762,808 shares during the period. 96.76% of the stock is owned by institutional investors.

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Shares of Citizens Financial Group, Inc. (CFG) traded up 0.97% during mid-day trading on Friday, reaching $37.49. 5,049,589 shares of the company’s stock traded hands. Citizens Financial Group, Inc. has a 12-month low of $24.22 and a 12-month high of $39.75. The firm has a 50-day moving average of $34.88 and a 200 day moving average of $35.24. The company has a market cap of $18.77 billion, a P/E ratio of 16.01 and a beta of 1.37.

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

Citizens Financial Group announced that its board has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several analysts recently commented on CFG shares. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, July 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Wednesday, July 5th. BidaskClub downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $43.00 in a report on Thursday, September 14th. Finally, TheStreet downgraded shares of Citizens Financial Group from a “b-” rating to a “c” rating in a report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and an average target price of $36.35.

Citizens Financial Group 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.

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

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