Delta Capital Management LLC cut its holdings in Citizens Financial Group Inc (NYSE:CFG) by 7.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,470 shares of the bank’s stock after selling 6,990 shares during the period. Citizens Financial Group makes up 2.0% of Delta Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Delta Capital Management LLC’s holdings in Citizens Financial Group were worth $3,023,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC lifted its holdings in shares of Citizens Financial Group by 23,866.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after buying an additional 716 shares during the period. Assetmark Inc. lifted its holdings in shares of Citizens Financial Group by 243.6% during the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after buying an additional 682 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of Citizens Financial Group by 739.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after buying an additional 1,042 shares during the period. CSat Investment Advisory L.P. lifted its holdings in shares of Citizens Financial Group by 162.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after buying an additional 844 shares during the period. Finally, HM Payson & Co. bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at $49,000. 96.57% of the stock is currently owned by institutional investors and hedge funds.
In other Citizens Financial Group news, Director Charles John Koch purchased 15,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $32.45 per share, for a total transaction of $486,750.00. Following the purchase, the director now owns 68,781 shares of the company’s stock, valued at approximately $2,231,943.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.
Citizens Financial Group stock traded up $0.96 during trading on Friday, reaching $34.73. The company had a trading volume of 233,725 shares, compared to its average volume of 4,538,639. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $38.64. The firm’s 50-day simple moving average is $34.43 and its 200 day simple moving average is $34.72. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, July 19th. The bank reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $0.88 EPS. On average, analysts predict that Citizens Financial Group Inc will post 3.8 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a report on Thursday. UBS Group cut Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Wednesday, July 10th. Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a report on Friday, July 12th. Citigroup cut Citizens Financial Group from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $39.00 to $32.00 in a report on Tuesday. Finally, Argus raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Citizens Financial Group has an average rating of “Hold” and a consensus target price of $39.96.
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 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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