Vanguard Group Inc. grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,188,129 shares of the bank’s stock after purchasing an additional 1,328,293 shares during the quarter. Vanguard Group Inc. owned about 10.51% of Citizens Financial Group worth $1,897,753,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Alps Advisors Inc. increased its position in shares of Citizens Financial Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock worth $459,000 after purchasing an additional 33 shares during the last quarter. Smithfield Trust Co. boosted its stake in shares of Citizens Financial Group by 1.4% during the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock worth $178,000 after acquiring an additional 70 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Citizens Financial Group by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the bank’s stock worth $1,120,000 after acquiring an additional 100 shares during the period. Bancorpsouth Inc. boosted its stake in shares of Citizens Financial Group by 0.9% during the 1st quarter. Bancorpsouth Inc. now owns 14,542 shares of the bank’s stock worth $502,000 after acquiring an additional 131 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Citizens Financial Group by 2.8% during the 2nd quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after acquiring an additional 188 shares during the period. 96.76% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Citizens Financial Group, Inc. (NYSE:CFG) traded down 0.041% during trading on Friday, reaching $36.255. The company’s stock had a trading volume of 342,576 shares. Citizens Financial Group, Inc. has a 12-month low of $23.81 and a 12-month high of $39.75. The stock has a market cap of $18.15 billion, a P/E ratio of 15.480 and a beta of 1.32. The stock’s 50-day moving average is $34.03 and its 200-day moving average is $35.26.

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

Citizens Financial Group declared that its board has approved a stock buyback program on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Several analysts recently issued reports on the company. BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. TheStreet downgraded Citizens Financial Group from a “b-” rating to a “c” rating in a research report on Monday, June 26th. BMO Capital Markets reiterated a “market perform” rating and set a $39.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $35.88.

About Citizens Financial Group

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

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