Machina Capital S.A.S. Takes $507,000 Position in Citizens Financial Group Inc (CFG)

Machina Capital S.A.S. purchased a new stake in Citizens Financial Group Inc (NYSE:CFG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,049 shares of the bank’s stock, valued at approximately $507,000.

A number of other institutional investors also recently made changes to their positions in CFG. Semmax Financial Advisors Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $26,000. PRW Wealth Management LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $32,000. Exane Asset Management purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $42,000. CWM LLC increased its stake in Citizens Financial Group by 29.3% in the fourth quarter. CWM LLC now owns 1,536 shares of the bank’s stock valued at $46,000 after purchasing an additional 348 shares during the last quarter. Finally, JOYN Advisors Inc. increased its stake in Citizens Financial Group by 64.8% in the fourth quarter. JOYN Advisors Inc. now owns 1,574 shares of the bank’s stock valued at $47,000 after purchasing an additional 619 shares during the last quarter. Institutional investors own 97.81% of the company’s stock.

Shares of CFG opened at $33.75 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. The company has a market cap of $15.54 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42. Citizens Financial Group Inc has a 12-month low of $27.62 and a 12-month high of $43.62.

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

Several equities analysts have commented on CFG shares. Credit Suisse Group dropped their price target on shares of Citizens Financial Group from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, December 7th. Barclays lowered their target price on shares of Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 2nd. ValuEngine lowered shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 21st. Goldman Sachs Group upgraded shares of Citizens Financial Group to a “buy” rating and lowered their target price for the stock from $44.00 to $40.00 in a research report on Monday, January 7th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.91.

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About Citizens Financial Group

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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