Czech National Bank Raises Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Czech National Bank grew its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,553 shares of the bank’s stock after buying an additional 4,230 shares during the period. Czech National Bank’s holdings in Citizens Financial Group were worth $4,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CFG. American Century Companies Inc. increased its stake in Citizens Financial Group by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 204,454 shares of the bank’s stock worth $7,366,000 after acquiring an additional 5,191 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Citizens Financial Group by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 606,290 shares of the bank’s stock worth $21,845,000 after buying an additional 17,755 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Citizens Financial Group by 1,015.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,232 shares of the bank’s stock worth $369,000 after buying an additional 9,315 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after buying an additional 587,115 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Citizens Financial Group by 115.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 98,765 shares of the bank’s stock valued at $3,559,000 after purchasing an additional 52,880 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 3.0 %

NYSE CFG opened at $47.06 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $20.74 billion, a P/E ratio of 18.53, a PEG ratio of 1.76 and a beta of 1.10. The firm’s 50-day moving average is $45.62 and its two-hundred day moving average is $42.48. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup lifted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.78.

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.