Bremer Trust National Association lowered its stake in Citizens Financial Group Inc (NYSE:CFG) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,773 shares of the bank’s stock after selling 5,246 shares during the period. Citizens Financial Group makes up about 1.0% of Bremer Trust National Association’s investment portfolio, making the stock its 18th largest holding. Bremer Trust National Association’s holdings in Citizens Financial Group were worth $3,768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC raised its stake in Citizens Financial Group by 4.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 38,483 shares of the bank’s stock valued at $1,373,000 after purchasing an additional 1,752 shares during the period. AXA raised its stake in Citizens Financial Group by 10.8% during the 2nd quarter. AXA now owns 144,009 shares of the bank’s stock valued at $5,138,000 after purchasing an additional 14,011 shares during the period. Aberdeen Asset Management PLC UK raised its stake in Citizens Financial Group by 15.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 182,261 shares of the bank’s stock valued at $6,503,000 after purchasing an additional 24,810 shares during the period. Martingale Asset Management L P acquired a new stake in Citizens Financial Group during the 2nd quarter valued at $1,857,000. Finally, Norinchukin Bank The raised its stake in Citizens Financial Group by 11.8% during the 2nd quarter. Norinchukin Bank The now owns 20,003 shares of the bank’s stock valued at $714,000 after purchasing an additional 2,110 shares during the period. 98.48% of the stock is currently owned by institutional investors.

CFG has been the topic of several recent analyst reports. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, September 18th. Barclays boosted their target price on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Deutsche Bank reissued a “hold” rating and set a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.46.

In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Citizens Financial Group Inc (CFG) traded up $0.22 during trading on Friday, hitting $45.52. 2,267,332 shares of the stock traded hands, compared to its average volume of 4,893,911. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group Inc has a fifty-two week low of $31.51 and a fifty-two week high of $45.79. The stock has a market cap of $22,400.00, a PE ratio of 18.43, a P/E/G ratio of 0.99 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $0.52 EPS. Citizens Financial Group’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Citizens Financial Group Inc will post 2.59 earnings per share for the current year.

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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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