Cozad Asset Management Inc. Invests $1.95 Million in Citizens Financial Group Inc (NYSE:CFG) Stock

Cozad Asset Management Inc. purchased a new position in Citizens Financial Group Inc (NYSE:CFG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,200 shares of the bank’s stock, valued at approximately $1,953,000.

Several other large investors have also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of Citizens Financial Group in the 2nd quarter valued at $102,000. First Personal Financial Services purchased a new stake in shares of Citizens Financial Group in the 1st quarter valued at $112,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Citizens Financial Group by 8,430.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock valued at $110,000 after buying an additional 2,782 shares during the period. Adviser Investments LLC purchased a new stake in shares of Citizens Financial Group in the 1st quarter valued at $155,000. Finally, Citizens Financial Group Inc RI raised its holdings in shares of Citizens Financial Group by 255.4% in the 1st quarter. Citizens Financial Group Inc RI now owns 3,796 shares of the bank’s stock valued at $159,000 after buying an additional 2,728 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Finally, Morgan Stanley cut their price target on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.89.

NYSE CFG traded down $0.32 during trading hours on Friday, hitting $38.78. 2,960,894 shares of the company were exchanged, compared to its average volume of 4,471,059. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.51 and a beta of 1.38. Citizens Financial Group Inc has a 52-week low of $36.25 and a 52-week high of $48.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. Equities research analysts anticipate that Citizens Financial Group Inc will post 3.49 earnings per share for the current fiscal year.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Further Reading: The Role of a Fiduciary and Individual Investors

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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