State of Wisconsin Investment Board Buys 107,849 Shares of Citizens Financial Group Inc (NYSE:CFG)

State of Wisconsin Investment Board raised its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,275,157 shares of the bank’s stock after purchasing an additional 107,849 shares during the quarter. State of Wisconsin Investment Board owned 0.28% of Citizens Financial Group worth $41,443,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in Citizens Financial Group during the 4th quarter worth $26,000. Zions Bancorporation N.A. bought a new stake in Citizens Financial Group in the 1st quarter valued at about $29,000. PRW Wealth Management LLC bought a new stake in Citizens Financial Group in the 4th quarter valued at about $32,000. Liberty Wealth Management LLC bought a new stake in Citizens Financial Group in the 1st quarter valued at about $34,000. Finally, Exane Asset Management bought a new stake in Citizens Financial Group in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

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

CFG traded up $0.59 during midday trading on Friday, hitting $35.36. The stock had a trading volume of 5,347,571 shares, compared to its average volume of 3,656,414. The stock has a market capitalization of $16.21 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.12 and a beta of 1.46. The company’s fifty day moving average is $34.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.96. Citizens Financial Group Inc has a 1 year low of $27.62 and a 1 year high of $41.76.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $1.59 billion during 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 prior year, the firm earned $0.78 earnings per share. On average, research 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.

Featured Story: How to invest in blue-chip stocks

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

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.