SG Americas Securities LLC Sells 588,507 Shares of Citizens Financial Group, Inc. $CFG

SG Americas Securities LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 97.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,327 shares of the bank’s stock after selling 588,507 shares during the quarter. SG Americas Securities LLC’s holdings in Citizens Financial Group were worth $868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Citizens Financial Group by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank’s stock worth $2,306,817,000 after buying an additional 209,467 shares in the last quarter. Invesco Ltd. grew its position in Citizens Financial Group by 1.2% in the second quarter. Invesco Ltd. now owns 23,671,355 shares of the bank’s stock worth $1,059,293,000 after acquiring an additional 283,321 shares in the last quarter. LSV Asset Management raised its position in Citizens Financial Group by 14.5% during the second quarter. LSV Asset Management now owns 6,562,791 shares of the bank’s stock valued at $293,685,000 after purchasing an additional 833,399 shares in the last quarter. Nordea Investment Management AB lifted its stake in Citizens Financial Group by 20.7% during the second quarter. Nordea Investment Management AB now owns 6,399,905 shares of the bank’s stock worth $287,932,000 after purchasing an additional 1,098,684 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in shares of Citizens Financial Group during the 3rd quarter valued at about $308,946,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CFG. Baird R W lowered Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. UBS Group upped their price objective on shares of Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Barclays set a $77.00 price target on shares of Citizens Financial Group and gave the company an “overweight” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.33.

Citizens Financial Group Trading Up 0.3%

NYSE:CFG opened at $60.82 on Tuesday. The firm has a market capitalization of $26.12 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.53 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $56.98 and a 200 day moving average of $52.70. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $62.16.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.