Trading Report: Today, UBS Asset Management Americas Inc. invests in Citizens Financial Group Inc. (CFG) Shares

Today, UBS Asset Management Americas Inc. invests in Citizens Financial Group Inc. (CFG) Shares

UBS Asset Management Americas Inc. increased its position in Citizens Financial Group Inc. (NYSE:CFG) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,620,599 shares of the company’s stock after buying an additional 69,277 shares during the period. UBS Asset Management Americas Inc.’s holdings in Citizens Financial Group were worth $89,466,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CFG. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock valued at $105,000 after buying an additional 4,729 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Citizens Financial Group during the second quarter valued at about $110,000. Capital Analysts LLC raised its position in shares of Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock valued at $111,000 after buying an additional 1,462 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Citizens Financial Group by 90.1% in the second quarter. Acrospire Investment Management LLC now owns 6,465 shares of the company’s stock valued at $129,000 after buying an additional 3,065 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Citizens Financial Group during the second quarter valued at about $142,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Citizens Financial Group Inc. (NYSE:CFG) opened at 31.78 on Tuesday. The firm has a market capitalization of $16.47 billion, a P/E ratio of 17.27 and a beta of 1.10. Citizens Financial Group Inc. has a 52 week low of $18.04 and a 52 week high of $32.63. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $24.08.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Analysts anticipate that Citizens Financial Group Inc. will post $1.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were issued a $0.12 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. Citizens Financial Group’s payout ratio is currently 25.95%.

Several brokerages have recently issued reports on CFG. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th. Credit Suisse Group AG began coverage on Citizens Financial Group in a research note on Tuesday, November 22nd. They issued a “neutral” rating and a $28.00 price target on the stock. Sanford C. Bernstein lowered Citizens Financial Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $29.00 to $32.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Piper Jaffray Cos. lowered Citizens Financial Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $32.00 in a research note on Wednesday, November 16th. Finally, Citigroup Inc. lowered Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 15th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.21.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

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