Citizens Financial Group (CFG) Lifted to "Outperform" at BMO Capital Markets

Mae Love
January 13, 2018

The stock decreased 0.15% or $0.16 during the last trading session, reaching $107.03. BlackRock Inc. now owns 45,150,226 shares of the bank's stock worth $1,610,961,000 after purchasing an additional 2,458,123 shares during the last quarter. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since January 11, 2017 and is uptrending. It has outperformed by 34.70% the S&P500. Voya Investment Management LLC boosted its stake in shares of Citizens Financial Group by 199.3% in the second quarter. Northern Cross Llc bought 4.97 million shares as the company's stock declined 15.11% while stock markets rallied. The institutional investor held 365 shares of the finance company at the end of 2017Q3, valued at $14,000, down from 9,085 at the end of the previous reported quarter. Citizens Finl Group Inc now has $22.09B valuation. The weekly volatility was 1.91% for Citizens Financial Group, Inc., CFG, making it easy for the traders to interpret how riskier their investment is on this stock. The hedge fund run by Curtis Macnguyen held 1.72 million shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $40.47M, down from 1.76M at the end of the previous reported quarter. Finally, TheStreet upgraded Citizens Financial Group from a "c" rating to an "a+" rating in a research note on Monday, November 27th.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 20th. It has outperformed by 34.26% the S&P500.

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward. Shares for $178,237 were sold by LEE DEBRA L. Therefore 83% are positive. The stock of General Mills, Inc. (NYSE:CFG). Aviva Public Limited Liability Company reported 0.07% in Citizens Financial Group, Inc. The rating was maintained by Barclays Capital on Monday, January 25 with "Equal-Weight". The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned "Buy" rating by J.P. Morgan on Tuesday, October 10. The firm has "Hold" rating by Citigroup given on Monday, April 24. (NYSE:CFG) has "Outperform" rating given on Thursday, September 14 by Bernstein. The rating was downgraded by Hilliard Lyons to "Underperform" on Wednesday, March 15. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. It also reduced its holding in Emerson Electric Co. 27 funds opened positions while 70 raised stakes.

Citizens Financial Group, Inc is a retail bank holding company. Laurion L P reported 132,825 shares. Toronto Dominion Savings Bank has invested 0.04% in General Mills, Inc. Lombard Odier Asset Management (Europe) holds 6,940 shares or 0.02% of its portfolio. About 2.88M shares traded. Aperio Llc invested in 0.04% or 180,097 shares. The Massachusetts-based Eaton Vance Mgmt has invested 0.01% in General Mills, Inc.

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Pub Employees Retirement Association Of Colorado reported 0.02% stake. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Oppenheimer Asset Inc holds 0.06% of its portfolio in WGL Holdings, Inc. (NYSE:GIS) for 2.60 million shares. (NYSE:GIS) for 4,000 shares. It also reduced Ishares Tr (FXI) stake by 30,699 shares and now owns 100 shares. (NYSE:X) was reduced too. STATE STREET CORP owned 1.25% of Citizens Financial Group, Inc. (NYSE:CFG) to report earnings on January, 19 before the open. CFG's profit would be $329.63M giving it 16.90 P/E if the $0.67 EPS is correct. The business's revenue for the quarter was up 4.6% on a year-over-year basis. research analysts anticipate that Citizens Financial Group will post 2.59 earnings per share for the current fiscal year. National Bank & Trust Of New York Mellon stated it has 6.31 million shares.

Investors sentiment increased to 1.01 in 2017 Q3. The investor is now holding $27.94 million shares due in part to a decrease of 110422 new shares in their portfolio. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Citizens Financial Group by 8.2% during the 2nd quarter. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported. Blair William And Il holds 64,772 shares. Cordasco Fincl Net invested 0% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 237,153 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 86,944 shares. 524 are owned by Thompson Davis & Co Inc. 52,869 were accumulated by Waratah Cap Advisors Limited. Wolverine Asset Mngmt invested in 0.01% or 50,815 shares. Boston Common Asset Management Lc has invested 0.1% in Citizens Financial Group, Inc. Moreover, Franklin Resource has 0.42% invested in Citizens Financial Group, Inc. (NYSE:CFG). Ls Advsr stated it has 0.05% of its portfolio in Citizens Financial Group, Inc.

Shares of Salesforce.com, inc.(NYSE:CRM) have seen a movement of -0.32% in the most recent session. Catalyst Cap Advisors Limited Liability Company has invested 0% in Citizens Financial Group, Inc. For now, let's just look at the cost of equity number for Citizens Financial Group, which is 9.76%.

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