Wealthfront Inc. grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 29.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,337 shares of the bank’s stock after purchasing an additional 3,006 shares during the period. Wealthfront Inc.’s holdings in Citizens Financial Group were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CFG. Advisors Asset Management Inc. increased its holdings in shares of Citizens Financial Group by 11.2% during the first quarter. Advisors Asset Management Inc. now owns 16,652 shares of the bank’s stock valued at $575,000 after purchasing an additional 1,677 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Citizens Financial Group by 7.3% during the first quarter. UBS Asset Management Americas Inc. now owns 2,834,353 shares of the bank’s stock valued at $97,927,000 after buying an additional 191,763 shares in the last quarter. Sei Investments Co. boosted its stake in Citizens Financial Group by 19.0% during the first quarter. Sei Investments Co. now owns 176,695 shares of the bank’s stock valued at $6,104,000 after buying an additional 28,200 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Citizens Financial Group by 3.9% during the first quarter. Mutual of America Capital Management LLC now owns 60,628 shares of the bank’s stock valued at $2,095,000 after buying an additional 2,293 shares in the last quarter. Finally, Norinchukin Bank The boosted its stake in Citizens Financial Group by 12.6% during the first quarter. Norinchukin Bank The now owns 17,893 shares of the bank’s stock valued at $618,000 after buying an additional 2,004 shares in the last quarter. 96.76% of the stock is currently owned by institutional investors.

Citizens Financial Group, Inc. (NYSE CFG) opened at 36.35 on Friday. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.32. The company has a 50 day moving average price of $34.03 and a 200-day moving average price of $35.26. Citizens Financial Group, Inc. has a 52-week low of $23.81 and a 52-week high of $39.75.

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

Citizens Financial Group announced that its board has approved a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in shares. This repurchase authorization authorizes the bank to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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

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

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