Citizens Financial Group, Inc. (NYSE:CFG) Short Interest Update

Citizens Financial Group, Inc. (NYSE:CFG) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 9,310,000 shares, an increase of 17.8% from the June 15th total of 7,900,000 shares. Based on an average trading volume of 4,640,000 shares, the short-interest ratio is presently 2.0 days.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $39.60 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $18.02 billion, a P/E ratio of 14.35, a PEG ratio of 1.45 and a beta of 1.10. The company has a 50 day moving average price of $35.59 and a 200 day moving average price of $34.11. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $39.68.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. Equities research analysts forecast that Citizens Financial Group will post 3.19 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on CFG shares. Citigroup boosted their target price on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Piper Sandler raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $41.00 in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Argus boosted their target price on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI boosted their target price on shares of Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.80.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the transaction, the insider now owns 37,558 shares in the company, valued at $1,265,704.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds have recently made changes to their positions in CFG. Public Sector Pension Investment Board boosted its position in Citizens Financial Group by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 111,002 shares of the bank’s stock valued at $2,975,000 after buying an additional 4,247 shares during the period. Modera Wealth Management LLC purchased a new position in Citizens Financial Group in the 3rd quarter valued at approximately $205,000. Symmetry Partners LLC purchased a new position in Citizens Financial Group in the 4th quarter valued at approximately $224,000. Massmutual Trust Co. FSB ADV boosted its position in Citizens Financial Group by 40.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock valued at $54,000 after buying an additional 472 shares during the period. Finally, Diversified Trust Co purchased a new position in Citizens Financial Group in the 4th quarter valued at approximately $330,000. 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.