SeaCrest Wealth Management LLC Acquires 246 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

SeaCrest Wealth Management LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 28,726 shares of the bank’s stock after purchasing an additional 246 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Citizens Financial Group were worth $1,257,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB lifted its stake in 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 valued at $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after acquiring an additional 587,115 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a report on Wednesday, December 18th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $47.06 on Thursday. The firm has a 50 day moving average of $45.62 and a 200-day moving average of $42.48. The stock has a market capitalization of $20.74 billion, a PE ratio of 18.53, a PEG ratio of 1.76 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25.

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

Citizens Financial Group 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.