Signet Financial Management LLC Has $451,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Signet Financial Management LLC trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,621 shares of the bank’s stock after selling 2,166 shares during the quarter. Signet Financial Management LLC’s holdings in Citizens Financial Group were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CFG. Capital World Investors raised its position in Citizens Financial Group by 76.0% during the first quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock valued at $861,383,000 after acquiring an additional 8,203,831 shares in the last quarter. Wellington Management Group LLP raised its position in Citizens Financial Group by 217.5% during the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock valued at $213,821,000 after acquiring an additional 5,465,824 shares in the last quarter. Norges Bank bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $192,928,000. AQR Capital Management LLC raised its position in Citizens Financial Group by 1,213.2% during the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock valued at $100,395,000 after acquiring an additional 3,460,792 shares in the last quarter. Finally, Morgan Stanley raised its position in Citizens Financial Group by 18.0% during the fourth quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock valued at $720,392,000 after acquiring an additional 2,785,751 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Craig Jack Read sold 4,508 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Citizens Financial Group Stock Down 1.8 %

CFG opened at $32.40 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $33.21 and its two-hundred day moving average price is $30.54. The company has a market capitalization of $14.85 billion, a P/E ratio of 10.42 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CFG. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Jefferies Financial Group increased their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, April 8th. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Morgan Stanley increased their price target on Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.88.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.