Citizens Financial Group (NYSE:CFG) Shares Gap Up to $32.41

Citizens Financial Group, Inc. (NYSE:CFG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $32.41, but opened at $33.28. Citizens Financial Group shares last traded at $33.28, with a volume of 4,663,974 shares.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TheStreet raised Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. StockNews.com lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Jefferies Financial Group boosted their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, Wedbush dropped their price objective on Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.88.

Citizens Financial Group Stock Performance

The stock has a market cap of $15.21 billion, a P/E ratio of 10.42 and a beta of 1.38. The business has a 50 day moving average price of $33.21 and a 200 day moving average price of $30.54. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Insider Activity

In related news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Trading of Citizens Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC lifted its holdings in shares of Citizens Financial Group by 100.8% during the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at $27,000. Resurgent Financial Advisors LLC purchased a new position in Citizens Financial Group in the 4th quarter worth $28,000. Clear Street Markets LLC raised its stake in Citizens Financial Group by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock worth $29,000 after acquiring an additional 466 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in Citizens Financial Group in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.