Axa increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,009 shares of the bank’s stock after buying an additional 14,011 shares during the period. Axa’s holdings in Citizens Financial Group were worth $5,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Citizens Financial Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock valued at $581,396,000 after buying an additional 391,502 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Citizens Financial Group by 4.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock valued at $40,426,000 after buying an additional 47,855 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $267,000. Toronto Dominion Bank raised its position in shares of Citizens Financial Group by 58.8% in the first quarter. Toronto Dominion Bank now owns 140,245 shares of the bank’s stock valued at $4,846,000 after buying an additional 51,911 shares in the last quarter. Finally, Bancorpsouth Inc. raised its position in shares of Citizens Financial Group by 0.9% in the first quarter. Bancorpsouth Inc. now owns 14,542 shares of the bank’s stock valued at $502,000 after buying an additional 131 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.

Citizens Financial Group, Inc. (NYSE CFG) opened at 35.16 on Friday. Citizens Financial Group, Inc. has a 12 month low of $23.81 and a 12 month high of $39.75. The firm has a market capitalization of $17.60 billion, a P/E ratio of 15.01 and a beta of 1.32. The firm’s 50-day moving average is $33.99 and its 200 day moving average is $35.34.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post $2.53 EPS for the current fiscal year.

Citizens Financial Group announced that its board has authorized a stock buyback plan on Wednesday, June 28th that authorizes the company to buyback $850.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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A number of equities research analysts have recently weighed in on CFG shares. BMO Capital Markets started coverage on shares of Citizens Financial Group in a research report on Thursday, May 25th. They issued a “market perform” rating and a $39.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $41.00 price target (up from $40.00) on shares of Citizens Financial Group in a research report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.75.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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