CHURCHILL MANAGEMENT Corp Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

CHURCHILL MANAGEMENT Corp acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 185,880 shares of the bank’s stock, valued at approximately $8,134,000.

Several other institutional investors have also recently added to or reduced their stakes in CFG. Versor Investments LP purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $1,910,000. Nordea Investment Management AB boosted its position in shares of Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Franklin Resources Inc. grew its holdings in Citizens Financial Group by 4.8% in the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock valued at $28,368,000 after purchasing an additional 29,940 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Citizens Financial Group during the third quarter worth approximately $590,000. Finally, Pathstone Holdings LLC raised its stake in Citizens Financial Group by 7.7% during the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock worth $6,347,000 after purchasing an additional 11,044 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock opened at $47.06 on Thursday. The stock’s 50 day moving average is $45.62 and its two-hundred day moving average is $42.48. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. The company has a market capitalization of $20.74 billion, a PE ratio of 18.53, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CFG has been the subject of a number of research analyst reports. Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. DA Davidson increased their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Truist Financial assumed coverage on shares of Citizens Financial Group in a report on Tuesday, January 7th. They issued a “hold” rating and a $49.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.