Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 404,042 shares of the bank's stock after selling 7,618 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Citizens Financial Group worth $16,554,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Salzhauer Michael boosted its position in Citizens Financial Group by 1,034.7% during the fourth quarter. Salzhauer Michael now owns 179,301 shares of the bank's stock worth $7,846,000 after acquiring an additional 163,500 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Citizens Financial Group in the 4th quarter worth approximately $6,906,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Citizens Financial Group by 22.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 22,876 shares of the bank's stock worth $1,001,000 after purchasing an additional 4,205 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Citizens Financial Group by 11.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,633 shares of the bank's stock valued at $159,000 after purchasing an additional 364 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in shares of Citizens Financial Group by 138.9% in the fourth quarter. Great Lakes Advisors LLC now owns 16,450 shares of the bank's stock valued at $720,000 after purchasing an additional 9,564 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Up 3.9%

Citizens Financial Group stock traded up $1.85 during mid-day trading on Thursday, reaching $48.82. 13,406,399 shares of the company's stock were exchanged, compared to its average volume of 4,883,108. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.38. The company has a market cap of $21.34 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.80 and a beta of 0.76. The company has a fifty day moving average of $42.67 and a 200-day moving average of $42.36.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. Citizens Financial Group had a return on equity of 6.84% and a net margin of 12.76%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm earned $0.82 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group announced that its board has authorized a share buyback program on Friday, June 13th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the bank to purchase up to 8.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CFG shares. TD Cowen began coverage on Citizens Financial Group in a report on Thursday, May 15th. They issued a "buy" rating and a $57.00 target price for the company. UBS Group upped their price objective on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, May 30th. Barclays reduced their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company set a $57.00 price target on shares of Citizens Financial Group in a research report on Wednesday, July 2nd. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.32.

Citizens Financial Group Company Profile

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.