CHURCHILL MANAGEMENT Corp Takes $8.13 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

CHURCHILL MANAGEMENT Corp acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 185,880 shares of the bank’s stock, valued at approximately $8,134,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the period. Wellington Management Group LLP boosted its stake in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. Nordea Investment Management AB grew its holdings in shares of Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after purchasing an additional 587,115 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 61.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CFG shares. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI dropped their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Citizens Financial Group Price Performance

NYSE:CFG opened at $47.06 on Thursday. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.74 billion, a P/E ratio of 18.53, a PEG ratio of 1.76 and a beta of 1.10. The business’s 50-day moving average price is $45.62 and its 200 day moving average price is $42.48.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.