Amundi Pioneer Asset Management Inc. Acquires 15,663 Shares of Citizens Financial Group Inc (NYSE:CFG)

Amundi Pioneer Asset Management Inc. increased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,631 shares of the bank’s stock after purchasing an additional 15,663 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Citizens Financial Group were worth $18,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. RKL Wealth Management LLC raised its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. RKL Wealth Management LLC now owns 33,064 shares of the bank’s stock worth $980,000 after purchasing an additional 310 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Citizens Financial Group by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,820 shares of the bank’s stock worth $2,552,000 after purchasing an additional 339 shares during the last quarter. Huntington National Bank raised its holdings in shares of Citizens Financial Group by 19.1% during the first quarter. Huntington National Bank now owns 2,149 shares of the bank’s stock worth $70,000 after purchasing an additional 345 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Citizens Financial Group by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,187 shares of the bank’s stock worth $630,000 after purchasing an additional 373 shares during the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Citizens Financial Group by 1.4% during the fourth quarter. Nomura Holdings Inc. now owns 31,165 shares of the bank’s stock worth $925,000 after purchasing an additional 433 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

CFG opened at $34.97 on Friday. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.11 and a beta of 1.46.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. As a group, equities analysts anticipate that Citizens Financial Group Inc will post 3.89 EPS for the current year.

Several research analysts recently issued reports on CFG shares. ValuEngine raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. Wedbush set a $39.00 price objective on shares of Citizens Financial Group and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.90.

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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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