According to Salzhauer Michael’s most recent Form 13F filing with the Securities and Exchange Commission, during the third quarter of 2018, the company’s holdings in Citizens Financial Group, Inc. (NYSE: CFG) were reduced by 18.7%. This information was provided in the filing. Following the transaction that took place during the quarter in which 2,800 shares of the bank’s stock were sold, the company held a total of 12,201 of those shares. According to the most recent report that Salzhauer Michael submitted to the SEC, the value of his investment in Citizens Financial Group was estimated to be $419,000.
Shares of CFG have been acquired and disposed of by several other notable investors throughout recent history. The percentage of Citizens Financial Group in which Private Capital Group LLC has invested increased by 438.7% during the year’s second quarter. Private Capital Group LLC now has 738 shares of the bank’s stock, valued at $26,000, after purchasing an additional 601 shares during the most recent quarter. The company purchased these shares. CVA Family Office LLC’s ownership stake in Citizens Financial Group grew by 655.0% during the second quarter due to the company’s expansion of its stock holdings. After acquiring an additional 655 shares during the most recent quarter, CVA Family Office LLC now has a total of 755 shares, which has increased the value of the bank stock that the company owns to $27,000. This brings the total number of shares that the company owns to 755. During the second quarter, Evoke Wealth LLC saw a rise of 79.2% in the amount of Citizens Financial Group stock it owned. Evoke Wealth LLC increased its total company stock holdings to 826 shares during the most recent quarter by purchasing an additional 365 shares of the bank’s stock. This brings the total value of Evoke Wealth LLC’s stock holdings to $29,000. The purchase of an additional investment in Citizens Financial Group by the Sageworth Trust Co. of South Dakota cost approximately $31,000 and took place during the second quarter. During the second quarter, American Research & Management Company increased the number of Citizens Financial Group stock owned by 60.6%. This brings us to our last point. American Research & Management Co. now holds 882 shares of the bank’s stock, which they acquired during the most recent quarter by purchasing an additional 757 shares. Based on the stock’s current price, the company has a market value of $31,000. At present, other types of institutional investors, such as hedge funds, hold 88.96% of the company’s shares.
Recent commentary on the stock comes from analysts who focus on equity research and have recently shared their perspectives on the stock. Wednesday, October 12, was the first day that StockNews.com reported on Citizens Financial Group shares after they had been traded. They assigned the business a rating of “hold.” According to a report made available to the public on December 1, Citizens Financial Group was given an upgrade from the rating of “underperform” that was previously held by Wolfe Research to the rating of “outperform.” Citizens Financial Group was rated “neutral” by Credit Suisse Group in a report made public on Thursday, October 20. In addition, the price target that Credit Suisse Group has set for the company was increased. Morgan Stanley reclassified the stock of Citizens Financial Group as “overweight” in a research note published on Monday, December 5, and increased their price objective for the company from $48.00 to $53.00 as a result of this change. In addition, they increased the company’s price objective from $48.0 to $53.00. Wedbush downgraded Citizens Financial Group from an “outperform” rating to a “neutral” rating and set a price objective of $45.00 on the stock in a research report published on Tuesday, January 3. Only six market watchers believe that the stock should be held steady as an investment, while eleven recommend that the stock be purchased. The information provided by Bloomberg indicates that the company has been given an overall rating of “Moderate Buy” and that the overall price objective for the business has been set at $47.50.
CFG experienced a price increase of $0.01 during the Wednesday lunch hour, bringing the stock’s total value to $40.83. Compared to the 3,553,828 shares typically traded daily, only 130,681 were traded today. These values show a debt-to-equity ratio of 0.77, a current ratio of 0.92, and a quick ratio of 0.91. All three of these ratios are very similar. The stock’s simple moving average over the past 200 days is currently sitting at $38.28, while its simple moving average over the past 50 days is currently sitting at $40.26. The price of shares of Citizens Financial Group, Inc. fluctuated throughout the preceding calendar year, moving in a range that extended from a low of $32.65 to a high of $57.00. This company currently carries a price-to-earnings ratio of 10.21, a beta value of 1.37, and a market value of $20.11 billion.
On October 19, Citizens Financial Group (NYSE: CFG) released its most recent quarterly earnings report. The bank reported earnings per share for the quarter of $1.30, which is $0.09 higher than the consensus estimate among industry professionals, who had predicted earnings per share of $1.21. The return on equity and the net margin for Citizens Financial Group came in at 10.88% and 24.05%, respectively. The revenue for the company came in at $2.18 billion for the quarter, which is significantly higher than the average prediction of $2.13 billion made by financial analysts. The company earned a total of $1.22 in earnings per share during the same period the year before. Sell-side analysts forecast that Citizens Financial Group, Inc. will bring in earnings of $4.31 per share during the current financial year.
The Citizens Financial Group, Inc. is a company that operates in the banking industry and offers commercial banking services. Retail and commercial banking are the two primary facets of the company’s business operations. The Consumer Banking division encompasses a wide variety of financial products and services, including but not limited to deposit products, mortgage and home equity lending, student loans, auto loans, credit cards, business loans, wealth management services, and investment services.