Investec Asset Management LTD decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,916 shares of the bank’s stock after selling 29,456 shares during the period. Investec Asset Management LTD owned 0.06% of Citizens Financial Group worth $10,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Citizens Financial Group by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 51,859,836 shares of the bank’s stock valued at $1,791,757,000 after buying an additional 2,616,045 shares during the period. BlackRock Inc. grew its stake in shares of Citizens Financial Group by 5.8% in the 2nd quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock valued at $1,610,961,000 after buying an additional 2,458,123 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Citizens Financial Group by 3.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,408,929 shares of the bank’s stock valued at $621,151,000 after buying an additional 581,232 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Citizens Financial Group by 1.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,310,713 shares of the bank’s stock valued at $332,206,000 after buying an additional 119,788 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Citizens Financial Group by 7.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,088,825 shares of the bank’s stock valued at $252,929,000 after buying an additional 475,155 shares during the period. 96.76% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. TheStreet raised shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub cut shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $43.00 in a research report on Thursday, September 14th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $39.00 price objective (up previously from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.88.

Shares of Citizens Financial Group, Inc. (NYSE:CFG) traded up 0.87% during mid-day trading on Tuesday, hitting $35.90. 539,543 shares of the company traded hands. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 15.33 and a beta of 1.32. The firm has a 50-day moving average price of $34.01 and a 200 day moving average price of $35.28. Citizens Financial Group, Inc. has a 52-week low of $23.81 and a 52-week high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. Citizens Financial Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts anticipate that Citizens Financial Group, Inc. will post $2.53 EPS for the current fiscal year.

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

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About Citizens Financial Group

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.

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

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