Investors Buy Shares of Citizens Financial Group (CFG) on Weakness

Investors bought shares of Citizens Financial Group Inc (NYSE:CFG) on weakness during trading hours on Thursday. $45.98 million flowed into the stock on the tick-up and $35.54 million flowed out of the stock on the tick-down, for a money net flow of $10.44 million into the stock. Of all equities tracked, Citizens Financial Group had the 16th highest net in-flow for the day. Citizens Financial Group traded down ($0.98) for the day and closed at $33.28

A number of equities research analysts have recently commented on CFG shares. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, January 23rd. Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, January 9th. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and lowered their target price for the stock from $44.00 to $40.00 in a research note on Monday, January 7th. Finally, Barclays lowered their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.91.

The company has a market cap of $15.77 billion, a PE ratio of 9.35, a PEG ratio of 0.55 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Equities analysts forecast that Citizens Financial Group Inc will post 3.88 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CFG. Semmax Financial Advisors Inc. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $26,000. PRW Wealth Management LLC purchased a new position in Citizens Financial Group during the 4th quarter valued at about $32,000. Exane Asset Management purchased a new position in Citizens Financial Group during the 4th quarter valued at about $42,000. CWM LLC grew its holdings in Citizens Financial Group by 29.3% during the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock valued at $46,000 after buying an additional 348 shares in the last quarter. Finally, JOYN Advisors Inc. grew its holdings in Citizens Financial Group by 64.8% during the 4th quarter. JOYN Advisors Inc. now owns 1,574 shares of the bank’s stock valued at $47,000 after buying an additional 619 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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About Citizens Financial Group (NYSE:CFG)

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.

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