Nomura Holdings Inc. Takes Position in Citizens Financial Group Inc (NYSE:CFG)

Nomura Holdings Inc. acquired a new stake in Citizens Financial Group Inc (NYSE:CFG) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,598,632 shares of the bank’s stock, valued at approximately $56,779,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its holdings in Citizens Financial Group by 23,866.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after buying an additional 716 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in Citizens Financial Group during the first quarter worth $29,000. Assetmark Inc. increased its holdings in Citizens Financial Group by 243.6% during the second quarter. Assetmark Inc. now owns 962 shares of the bank’s stock worth $34,000 after buying an additional 682 shares during the last quarter. Oakworth Capital Inc. increased its holdings in Citizens Financial Group by 739.0% during the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock worth $41,000 after buying an additional 1,042 shares during the last quarter. Finally, Mirova acquired a new position in Citizens Financial Group during the second quarter worth $50,000. Institutional investors own 96.48% of the company’s stock.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a report on Friday, July 12th. Argus upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, July 29th. UBS Group downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $38.00 in a report on Wednesday, July 10th. Finally, Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $35.00 in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.42.



In related news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the completion of the acquisition, the director now directly owns 68,781 shares in the company, valued at $2,231,943.45. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is owned by insiders.

Shares of NYSE:CFG traded down $0.24 on Friday, hitting $35.93. The company had a trading volume of 192,088 shares, compared to its average volume of 3,601,219. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $41.17. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.76 and a beta of 1.47. The stock has a 50 day moving average price of $34.04 and a 200 day moving average price of $34.79. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Sell-side analysts anticipate that Citizens Financial Group Inc will post 3.82 earnings per share for the current fiscal year.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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