M&R Capital Management Inc. Trims Holdings in Citizens Financial Group Inc (NYSE:CFG)

M&R Capital Management Inc. trimmed its position in Citizens Financial Group Inc (NYSE:CFG) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,864 shares of the bank’s stock after selling 1,633 shares during the quarter. Citizens Financial Group comprises 1.5% of M&R Capital Management Inc.’s holdings, making the stock its 18th largest position. M&R Capital Management Inc. owned approximately 0.06% of Citizens Financial Group worth $6,106,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. raised its position in Citizens Financial Group by 10.3% during the first quarter. Invesco Ltd. now owns 21,953,796 shares of the bank’s stock valued at $412,952,000 after acquiring an additional 2,058,095 shares in the last quarter. LSV Asset Management increased its position in shares of Citizens Financial Group by 3.1% in the second quarter. LSV Asset Management now owns 9,490,735 shares of the bank’s stock valued at $239,546,000 after buying an additional 282,730 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Citizens Financial Group by 23.7% in the second quarter. Nuveen Asset Management LLC now owns 5,852,994 shares of the bank’s stock valued at $147,730,000 after buying an additional 1,122,518 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Citizens Financial Group by 148.0% in the second quarter. Nordea Investment Management AB now owns 5,315,750 shares of the bank’s stock valued at $131,406,000 after buying an additional 3,172,336 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Citizens Financial Group by 4.0% in the first quarter. AQR Capital Management LLC now owns 5,020,189 shares of the bank’s stock valued at $94,429,000 after buying an additional 194,822 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

NYSE CFG traded up $0.15 on Thursday, reaching $25.43. 3,432,260 shares of the company were exchanged, compared to its average volume of 5,961,640. The business’s fifty day moving average price is $26.00 and its 200 day moving average price is $23.52. The stock has a market capitalization of $10.85 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. Citizens Financial Group Inc has a fifty-two week low of $14.12 and a fifty-two week high of $41.29.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 17th. The bank reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.36. Citizens Financial Group had a return on equity of 5.85% and a net margin of 14.58%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that Citizens Financial Group Inc will post 1.84 earnings per share for the current year.

A number of research firms have recently commented on CFG. Argus boosted their price objective on Citizens Financial Group from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, July 20th. ValuEngine cut Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Morgan Stanley cut their price objective on Citizens Financial Group from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. DA Davidson initiated coverage on Citizens Financial Group in a research note on Thursday, September 10th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Bank of America lifted their price target on Citizens Financial Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Citizens Financial Group presently has an average rating of “Buy” and an average target price of $32.79.

About Citizens Financial Group

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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