California State Teachers Retirement System trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 966,557 shares of the bank’s stock after selling 105,904 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of Citizens Financial Group worth $34,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. 361 Capital LLC grew its position in Citizens Financial Group by 34.0% during the 2nd quarter. 361 Capital LLC now owns 249,226 shares of the bank’s stock worth $8,892,000 after acquiring an additional 63,186 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Citizens Financial Group by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,445,269 shares of the bank’s stock worth $122,927,000 after acquiring an additional 16,609 shares during the last quarter. Moors & Cabot Inc. grew its position in Citizens Financial Group by 1.8% during the 2nd quarter. Moors & Cabot Inc. now owns 19,187 shares of the bank’s stock worth $687,000 after acquiring an additional 337 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Citizens Financial Group by 10.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 50,507 shares of the bank’s stock worth $1,802,000 after acquiring an additional 4,701 shares during the last quarter. Finally, Sciencast Management LP bought a new position in Citizens Financial Group during the 2nd quarter worth approximately $307,000. Institutional investors and hedge funds own 96.76% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, September 18th. BMO Capital Markets restated a “market perform” rating and set a $39.00 price target (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Deutsche Bank AG restated a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Citigroup Inc. restated a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a research report on Monday. Finally, BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and a consensus price target of $37.12.

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Citizens Financial Group, Inc. (CFG) traded down 0.48% on Friday, hitting $36.98. The stock had a trading volume of 611,246 shares. Citizens Financial Group, Inc. has a 1-year low of $24.43 and a 1-year high of $39.75. The stock’s 50-day moving average is $35.37 and its 200 day moving average is $35.33. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 15.79 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Citizens Financial Group’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts predict that Citizens Financial Group, Inc. will post $2.54 earnings per share for the current fiscal year.

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

Citizens Financial Group 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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