19,926 Shares in CBIZ, Inc. $CBZ Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in CBIZ, Inc. (NYSE:CBZ) during the second quarter, according to its most recent filing with the SEC. The firm bought 19,926 shares of the business services provider’s stock, valued at approximately $639,000.

Several other institutional investors have also recently bought and sold shares of CBZ. AQR Capital Management LLC lifted its position in CBIZ by 6.2% during the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after acquiring an additional 682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CBIZ by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after purchasing an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CBIZ by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after purchasing an additional 7,676 shares during the period. Jane Street Group LLC lifted its position in shares of CBIZ by 96.1% during the 1st quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock worth $3,128,000 after purchasing an additional 20,214 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of CBIZ by 80.4% during the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,957 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings upgraded CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Stephens set a $37.00 price target on CBIZ in a report on Friday, May 1st. Barrington Research assumed coverage on CBIZ in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price objective for the company. US Capital Advisors set a $55.00 price objective on CBIZ in a research report on Thursday, July 30th. Finally, CJS Securities downgraded shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, CBIZ has a consensus rating of “Hold” and a consensus target price of $44.50.

CBIZ Stock Up 0.1%

Shares of CBZ opened at $54.80 on Thursday. The company has a 50-day simple moving average of $42.35 and a 200-day simple moving average of $34.44. The firm has a market capitalization of $2.97 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47. CBIZ, Inc. has a 52 week low of $24.29 and a 52 week high of $67.24.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The business had revenue of $682.21 million during the quarter, compared to analysts’ expectations of $697.96 million. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that CBIZ, Inc. will post 4.1 earnings per share for the current year.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.