Teza Capital Management LLC Makes New $966,000 Investment in Citizens Financial Group Inc (NYSE:CFG)

Teza Capital Management LLC purchased a new position in shares of Citizens Financial Group Inc (NYSE:CFG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,734 shares of the bank’s stock, valued at approximately $966,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CFG. Semmax Financial Advisors Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $26,000. Zions Bancorporation N.A. acquired a new position in Citizens Financial Group in the 1st quarter valued at $29,000. Liberty Wealth Management LLC acquired a new position in Citizens Financial Group in the 1st quarter valued at $34,000. PRW Wealth Management LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at $32,000. Finally, Exane Asset Management acquired a new position in Citizens Financial Group in the 4th quarter valued at $42,000. 95.49% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on CFG shares. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, March 20th. ValuEngine lowered Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Wedbush set a $39.00 price target on Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Argus initiated coverage on Citizens Financial Group in a research note on Wednesday, June 19th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.90.

CFG stock traded up $0.59 during midday trading on Friday, reaching $35.36. 5,347,500 shares of the stock were exchanged, compared to its average volume of 4,423,824. The firm has a fifty day moving average of $34.54. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $41.76. The company has a market cap of $15.94 billion, a PE ratio of 9.93, a PEG ratio of 1.10 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts expect that Citizens Financial Group Inc will post 3.87 EPS for the current year.

Citizens Financial Group Profile

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

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