DNB Asset Management AS Buys 21,317 Shares of Citizens Financial Group Inc (CFG)
DNB Asset Management AS raised its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 12.2% during the third quarter, HoldingsChannel.com reports. The firm owned 196,494 shares of the bank’s stock after buying an additional 21,317 shares during the quarter. DNB Asset Management AS’s holdings in Citizens Financial Group were worth $7,579,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CFG. Koch Industries Inc. purchased a new stake in Citizens Financial Group during the first quarter valued at approximately $253,000. Nuveen Asset Management LLC raised its position in Citizens Financial Group by 347.9% during the first quarter. Nuveen Asset Management LLC now owns 59,210 shares of the bank’s stock valued at $2,486,000 after purchasing an additional 45,992 shares during the period. Bayesian Capital Management LP raised its position in Citizens Financial Group by 138.3% during the first quarter. Bayesian Capital Management LP now owns 14,300 shares of the bank’s stock valued at $600,000 after purchasing an additional 8,300 shares during the period. Blair William & Co. IL raised its position in Citizens Financial Group by 3.7% during the first quarter. Blair William & Co. IL now owns 49,948 shares of the bank’s stock valued at $2,097,000 after purchasing an additional 1,774 shares during the period. Finally, Hancock Holding Co. purchased a new stake in Citizens Financial Group during the first quarter valued at approximately $1,709,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Shares of NYSE CFG opened at $36.11 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group Inc has a fifty-two week low of $35.25 and a fifty-two week high of $48.23. The company has a market capitalization of $18.36 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.38.
A number of brokerages have issued reports on CFG. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Morgan Stanley decreased their price objective on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.89.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
Featured Story: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group Inc (NYSE:CFG).
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.