Tiedemann Advisors LLC Takes $706,000 Position in Citizens Financial Group Inc (NYSE:CFG)

Tiedemann Advisors LLC bought a new stake in shares of Citizens Financial Group Inc (NYSE:CFG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,384 shares of the bank’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Citizens Financial Group by 0.9% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 12,311,758 shares of the bank’s stock worth $499,980,000 after acquiring an additional 107,252 shares during the period. AQR Capital Management LLC raised its stake in shares of Citizens Financial Group by 39.0% in the 4th quarter. AQR Capital Management LLC now owns 4,825,367 shares of the bank’s stock valued at $195,958,000 after purchasing an additional 1,353,217 shares during the period. Millennium Management LLC raised its stake in shares of Citizens Financial Group by 893.1% in the 3rd quarter. Millennium Management LLC now owns 4,802,971 shares of the bank’s stock valued at $169,881,000 after purchasing an additional 4,319,352 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Citizens Financial Group by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,773,379 shares of the bank’s stock valued at $153,237,000 after purchasing an additional 301,804 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Citizens Financial Group by 1.1% in the 4th quarter. Bank of America Corp DE now owns 3,524,824 shares of the bank’s stock valued at $143,145,000 after purchasing an additional 39,120 shares during the period. 96.72% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Citigroup raised Citizens Financial Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $32.00 to $41.00 in a research report on Monday, December 16th. TheStreet cut Citizens Financial Group from a “b” rating to a “c+” rating in a report on Friday, March 6th. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Barclays upgraded Citizens Financial Group from an “equal weight” rating to an “overweight” rating and set a $49.00 price objective for the company in a report on Monday, January 6th. Finally, Stephens boosted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.35.

Shares of CFG stock traded down $0.09 during trading on Wednesday, hitting $17.71. The company had a trading volume of 10,480,645 shares, compared to its average volume of 6,016,869. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market capitalization of $6.78 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.74 and a beta of 1.57. The stock’s 50-day moving average price is $30.63 and its 200 day moving average price is $35.89. Citizens Financial Group Inc has a one year low of $14.12 and a one year high of $41.29.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Citizens Financial Group had a return on equity of 8.75% and a net margin of 22.20%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. On average, research analysts anticipate that Citizens Financial Group Inc will post 3.74 earnings per share for the current fiscal year.

In other news, insider Brendan Coughlin sold 4,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $22.21, for a total transaction of $99,945.00. Following the transaction, the insider now owns 77,348 shares of the company’s stock, valued at approximately $1,717,899.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shivan S. Subramaniam acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $31.15 per share, for a total transaction of $155,750.00. 0.44% of the stock is currently owned by corporate insiders.

Citizens Financial Group Company 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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