Citizens Financial Group Inc (CFG) Position Reduced by Putnam Investments LLC

Putnam Investments LLC decreased its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,069 shares of the company’s stock after selling 31 shares during the period. Putnam Investments LLC’s holdings in Citizens Financial Group were worth $394,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Virtus Investment Advisers Inc. purchased a new stake in shares of Citizens Financial Group during the third quarter valued at about $106,000. Global X Management Co. LLC increased its stake in shares of Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock valued at $116,000 after buying an additional 2,814 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $119,000. SRB Corp increased its stake in shares of Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $204,000. 97.12% of the stock is currently owned by institutional investors.

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

Citizens Financial Group Inc (NYSE:CFG) opened at 34.51 on Friday. The stock has a market capitalization of $17.57 billion, a PE ratio of 17.52 and a beta of 1.36. The stock’s 50 day moving average is $37.03 and its 200 day moving average is $32.10. Citizens Financial Group Inc has a 12-month low of $18.34 and a 12-month high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Citizens Financial Group had a net margin of 18.13% and a return on equity of 5.19%. The firm had revenue of $1.36 billion for the quarter. During the same period in the previous year, the business posted $0.42 earnings per share. Citizens Financial Group’s revenue was up 10.6% compared to the same quarter last year. Analysts forecast that Citizens Financial Group Inc will post $2.28 EPS for the current year.

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CFG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, December 1st. Barclays PLC boosted their price target on shares of Citizens Financial Group from $27.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Citizens Financial Group in a report on Sunday, January 22nd. Citigroup Inc restated a “hold” rating on shares of Citizens Financial Group in a report on Sunday, January 22nd. Finally, Deutsche Bank AG boosted their price target on shares of Citizens Financial Group from $27.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, November 30th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.55.

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.

5 Day Chart for NYSE:CFG

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