Pointe Capital Management LLC Decreases Position in Citizens Financial Group Inc (CFG)
Pointe Capital Management LLC cut its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,557 shares of the bank’s stock after selling 1,144 shares during the quarter. Pointe Capital Management LLC’s holdings in Citizens Financial Group were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in shares of Citizens Financial Group by 41,266.7% during the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after purchasing an additional 3,714 shares during the last quarter. Lipe & Dalton bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $207,000. Colony Group LLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at approximately $210,000. Courier Capital LLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at approximately $214,000. Finally, Quotient Investors LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $227,000. 98.48% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Deutsche Bank reissued a “hold” rating and set a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Bank of America reissued an “underperform” rating and set a $40.00 target price (down from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. Barclays boosted their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.46.
In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.
Shares of Citizens Financial Group Inc (NYSE CFG) traded up $0.22 during midday trading on Friday, hitting $45.52. 2,265,564 shares of the stock were exchanged, compared to its average volume of 4,950,000. The firm has a market cap of $22,400.00, a P/E ratio of 18.43, a P/E/G ratio of 0.99 and a beta of 1.37. Citizens Financial Group Inc has a 1 year low of $31.51 and a 1 year high of $45.79. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. sell-side analysts expect that Citizens Financial Group Inc will post 2.59 earnings per share for the current year.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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