Comerica Bank Reduces Position in Citizens Financial Group Inc (CFG)

Comerica Bank reduced its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 1.7% in the 1st quarter, Holdings Channel reports. The firm owned 112,295 shares of the bank’s stock after selling 1,910 shares during the quarter. Comerica Bank’s holdings in Citizens Financial Group were worth $3,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CFG. Norges Bank acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $128,440,000. Oregon Public Employees Retirement Fund lifted its holdings in Citizens Financial Group by 2,924.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,910,982 shares of the bank’s stock worth $132,000 after purchasing an additional 3,781,655 shares during the last quarter. Deutsche Bank AG lifted its holdings in Citizens Financial Group by 135.8% during the 4th quarter. Deutsche Bank AG now owns 3,930,588 shares of the bank’s stock worth $116,852,000 after purchasing an additional 2,263,928 shares during the last quarter. Millennium Management LLC lifted its holdings in Citizens Financial Group by 211.1% during the 4th quarter. Millennium Management LLC now owns 3,294,737 shares of the bank’s stock worth $97,953,000 after purchasing an additional 2,235,677 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock worth $655,180,000 after purchasing an additional 2,189,838 shares during the last quarter. 98.90% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on CFG shares. ValuEngine cut Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Wedbush set a $39.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.36.

Shares of CFG opened at $34.76 on Friday. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.11 and a beta of 1.45. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $42.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.96.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same period in the previous year, the business earned $0.78 EPS. On average, equities research analysts forecast that Citizens Financial Group Inc will post 3.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.68%. The ex-dividend date was Tuesday, April 30th. Citizens Financial Group’s payout ratio is presently 35.96%.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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