Arrowstreet Capital Limited Partnership cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,066,886 shares of the bank’s stock after selling 51,347 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.41% of Citizens Financial Group worth $73,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in 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 during the last quarter. Intrust Bank NA bought a new stake in Citizens Financial Group in the second quarter valued at $267,000. Lazard Asset Management LLC lifted its stake in Citizens Financial Group by 16,695.7% in the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after buying an additional 2,762,808 shares during the last quarter. PICTET BANK & TRUST Ltd bought a new stake in Citizens Financial Group in the second quarter valued at $1,629,000. Finally, Todd Asset Management LLC lifted its stake in Citizens Financial Group by 33.4% in the second quarter. Todd Asset Management LLC now owns 1,819,023 shares of the bank’s stock valued at $64,903,000 after buying an additional 455,476 shares during the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

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Shares of Citizens Financial Group, Inc. (CFG) traded up 0.97% during midday trading on Friday, hitting $37.49. 5,049,589 shares of the company were exchanged. The company’s 50 day moving average price is $34.88 and its 200 day moving average price is $35.24. The firm has a market cap of $18.77 billion, a P/E ratio of 16.01 and a beta of 1.37. Citizens Financial Group, Inc. has a one year low of $24.22 and a one year high of $39.75.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Equities analysts expect that Citizens Financial Group, Inc. will post $2.54 EPS for the current year.

Citizens Financial Group declared that its board has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $850.00 million in outstanding shares. This repurchase authorization allows the bank to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

CFG has been the topic of a number of recent research reports. Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. TheStreet cut Citizens Financial Group from a “b-” rating to a “c” rating in a research note on Monday, June 26th. 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 Tuesday, July 4th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.35.

Citizens Financial Group 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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