PNC Financial Services Group Inc. lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,120,946 shares of the bank’s stock after selling 53,782 shares during the period. PNC Financial Services Group Inc. owned about 0.62% of Citizens Financial Group worth $111,354,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Smithfield Trust Co. boosted its position in shares of Citizens Financial Group by 1.4% during the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after buying an additional 70 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $211,000. Holderness Investments Co. purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $214,000. Courier Capital LLC purchased a new position in shares of Citizens Financial Group during the second quarter valued at approximately $214,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of Citizens Financial Group during the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

Several research firms have recently weighed in on CFG. TheStreet raised shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub downgraded shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $43.00 in a research note on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $39.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.75.

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Shares of Citizens Financial Group, Inc. (NYSE:CFG) traded up 1.09% during trading on Friday, reaching $35.16. 6,791,062 shares of the company were exchanged. The stock has a market capitalization of $17.60 billion, a P/E ratio of 15.01 and a beta of 1.32. The firm has a 50-day moving average price of $33.99 and a 200-day moving average price of $35.34. Citizens Financial Group, Inc. has a 1-year low of $23.81 and a 1-year high of $39.75.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $0.46 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post $2.53 earnings per share for the current fiscal year.

Citizens Financial Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $850.00 million in shares. This repurchase authorization allows the bank to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.

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

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