Ibex Wealth Advisors Acquires 2,791 Shares of Citizens Financial Group Inc (CFG)

Ibex Wealth Advisors boosted its holdings in Citizens Financial Group Inc (NYSE:CFG) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,066 shares of the bank’s stock after acquiring an additional 2,791 shares during the period. Ibex Wealth Advisors’ holdings in Citizens Financial Group were worth $2,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CFG. LSV Asset Management raised its holdings in shares of Citizens Financial Group by 51.7% during the second quarter. LSV Asset Management now owns 7,513,125 shares of the bank’s stock valued at $292,260,000 after buying an additional 2,561,477 shares during the last quarter. PointState Capital LP raised its holdings in shares of Citizens Financial Group by 103.3% during the first quarter. PointState Capital LP now owns 4,145,178 shares of the bank’s stock valued at $174,015,000 after buying an additional 2,105,951 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Citizens Financial Group by 65.5% during the second quarter. Bank of Montreal Can now owns 3,496,727 shares of the bank’s stock valued at $136,022,000 after buying an additional 1,383,629 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Citizens Financial Group by 30.8% during the second quarter. Janus Henderson Group PLC now owns 4,493,533 shares of the bank’s stock valued at $174,800,000 after buying an additional 1,058,650 shares during the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of Citizens Financial Group during the second quarter valued at approximately $39,051,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CFG opened at $39.23 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68. The company has a market cap of $18.36 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.51 and a beta of 1.38. Citizens Financial Group Inc has a 12 month low of $36.25 and a 12 month high of $48.23.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Sell-side analysts predict that Citizens Financial Group Inc will post 3.49 EPS for the current fiscal year.

CFG has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 18th. ValuEngine lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Finally, Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $46.89.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide 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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