Hanseatic Management Services Inc. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,582 shares of the bank’s stock after purchasing an additional 1,902 shares during the quarter. Citizens Financial Group comprises 1.2% of Hanseatic Management Services Inc.’s holdings, making the stock its 20th largest position. Hanseatic Management Services Inc.’s holdings in Citizens Financial Group were worth $2,304,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CFG. Advisors Asset Management Inc. raised its stake in shares of Citizens Financial Group by 11.2% in the first quarter. Advisors Asset Management Inc. now owns 16,652 shares of the bank’s stock worth $575,000 after purchasing an additional 1,677 shares during the last quarter. US Bancorp DE raised its stake in shares of Citizens Financial Group by 4.4% in the first quarter. US Bancorp DE now owns 40,218 shares of the bank’s stock worth $1,389,000 after purchasing an additional 1,696 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Citizens Financial Group by 7.3% in the first quarter. UBS Asset Management Americas Inc. now owns 2,834,353 shares of the bank’s stock worth $97,927,000 after purchasing an additional 191,763 shares during the last quarter. Sei Investments Co. raised its stake in shares of Citizens Financial Group by 19.0% in the first quarter. Sei Investments Co. now owns 176,695 shares of the bank’s stock worth $6,104,000 after purchasing an additional 28,200 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Citizens Financial Group by 3.9% in the first quarter. Mutual of America Capital Management LLC now owns 60,628 shares of the bank’s stock worth $2,095,000 after purchasing an additional 2,293 shares during the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

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Citizens Financial Group, Inc. (NYSE:CFG) traded up 0.400% during mid-day trading on Friday, hitting $36.415. The stock had a trading volume of 948,171 shares. The stock has a 50-day moving average price of $34.03 and a 200 day moving average price of $35.26. 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 cap of $18.23 billion, a P/E ratio of 15.549 and a beta of 1.32.

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

Citizens Financial Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that allows the company to buyback $850.00 million in shares. This buyback authorization allows the bank to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

CFG has been the subject of several recent research reports. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Monday. Sanford C. Bernstein upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $43.00 in a research report on Thursday, September 14th. BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $40.00 price target on Citizens Financial Group and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, TheStreet upgraded Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.88.

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.

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

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