CHURCHILL MANAGEMENT Corp Invests $8.13 Million in Citizens Financial Group, Inc. (NYSE:CFG)

CHURCHILL MANAGEMENT Corp purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 185,880 shares of the bank's stock, valued at approximately $8,134,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after buying an additional 1,615,144 shares during the period. Wellington Management Group LLP boosted its position in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after acquiring an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB boosted its position in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock worth $159,550,000 after acquiring an additional 587,115 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,682,886 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG traded down $0.35 during mid-day trading on Thursday, reaching $46.73. 6,053,226 shares of the company were exchanged, compared to its average volume of 3,816,273. The stock has a market capitalization of $20.59 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.29 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company's 50-day simple moving average is $45.59 and its 200-day simple moving average is $42.51. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.85 earnings per share. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CFG shares. DA Davidson increased 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. Raymond James upgraded shares of Citizens Financial Group from a "market perform" rating to a "strong-buy" rating and set a $55.00 price objective for the company in a research note on Wednesday, December 18th. Truist Financial started coverage on Citizens Financial Group in a report on Tuesday, January 7th. They issued a "hold" rating and a $49.00 price objective for the company. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus target price of $47.78.

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.