Citizens Financial Group, Inc. $CFG Holdings Increased by Curated Wealth Partners LLC

Curated Wealth Partners LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 79.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,448 shares of the bank’s stock after buying an additional 23,220 shares during the period. Curated Wealth Partners LLC’s holdings in Citizens Financial Group were worth $3,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Citizens Financial Group during the 2nd quarter worth about $3,415,046,000. Bank of America Corp DE acquired a new position in Citizens Financial Group during the 2nd quarter worth approximately $223,386,000. Legal & General Group Plc purchased a new stake in shares of Citizens Financial Group during the second quarter valued at approximately $207,234,000. Nykredit A S acquired a new stake in Citizens Financial Group during the 2nd quarter valued at $188,380,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Citizens Financial Group during the second quarter valued at about $175,948,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock traded up $1.01 on Thursday, hitting $63.58. 1,226,535 shares of the company’s stock traded hands, compared to its average volume of 4,578,325. The stock has a market cap of $26.78 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 0.58 and a beta of 0.72. Citizens Financial Group, Inc. has a 1-year low of $47.96 and a 1-year high of $75.33. The stock has a fifty day moving average of $68.40 and a 200-day moving average of $67.03. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. On average, analysts forecast that Citizens Financial Group, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CFG. Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Cantor Fitzgerald dropped their price target on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Raymond James Financial initiated coverage on Citizens Financial Group in a research report on Tuesday, October 6th. They set a “strong-buy” rating and a $77.00 price objective for the company. Finally, Barclays lifted their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.

Insider Activity

In other news, CEO Bruce Van Saun sold 129,369 shares of Citizens Financial Group stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by company insiders.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.