Price Action To Observe: Could Citizens Financial Group Inc Change Direction After Today’s Huge Increase?

Price Action To Observe: Could Citizens Financial Group Inc Change Direction After Today's Huge Increase?

The stock of Citizens Financial Group Inc (NYSE:CFG) is a huge mover today! About 1.93 million shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 22.08% since March 8, 2016 and is uptrending. It has outperformed by 12.77% the S&P500.
The move comes after 9 months positive chart setup for the $13.16B company. It was reported on Oct, 11 by Barchart.com. We have $30.61 PT which if reached, will make NYSE:CFG worth $2.76 billion more.

Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on October, 28. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. CFG’s profit will be $254.88M for 12.91 P/E if the $0.49 EPS becomes a reality. After $0.46 actual EPS reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 6.52% EPS growth.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Out of 18 analysts covering Citizens Financial Group (NYSE:CFG), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. Citizens Financial Group has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, January 5 by Oppenheimer. Bank of America initiated the shares of CFG in a report on Monday, August 10 with “Buy” rating. On Wednesday, August 26 the stock rating was upgraded by Guggenheim to “Neutral”. The firm has “Sell” rating given on Thursday, August 27 by Zacks. Wedbush initiated the shares of CFG in a report on Friday, October 7 with “Outperform” rating. Oppenheimer maintained the shares of CFG in a report on Monday, January 25 with “Outperform” rating. The firm has “Buy” rating by Compass Point given on Tuesday, January 26. The firm has “Sell” rating given on Friday, August 21 by Zacks. The firm earned “Buy” rating on Monday, June 6 by Citigroup. As per Monday, January 25, the company rating was maintained by Barclays Capital.

According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”

Insitutional Activity: The institutional sentiment increased to 1.66 in 2016 Q2. Its up 0.25, from 1.41 in 2016Q1. The ratio improved, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.
Finemark Comml Bank And Trust holds 0.01% or 2,798 shares in its portfolio. Moreover, Sector Pension Board has 0.02% invested in Citizens Financial Group Inc (NYSE:CFG) for 100,300 shares. Price T Rowe Associate Inc Md has 970,600 shares for 0% of their US portfolio. Fifth Third Savings Bank has 0% invested in the company for 4,012 shares. Calvert Investment Management accumulated 0.04% or 40,865 shares. Mizuho Asset Mgmt Coltd holds 0.15% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 42,065 shares. Diam Ltd holds 0.02% or 66,434 shares in its portfolio. The New York-based Price Michael F has invested 0.85% in Citizens Financial Group Inc (NYSE:CFG). Bailard holds 0.13% or 55,227 shares in its portfolio. Evercore Wealth Management Ltd Liability accumulated 150 shares or 0% of the stock. Commerzbank Aktiengesellschaft Fi reported 214,102 shares or 0.03% of all its holdings. Scout Invests holds 2.42% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 4.35 million shares. Bluecrest Cap Mgmt has invested 0.11% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). New Mountain Vantage Advisers Lc holds 3.01% or 2.88M shares in its portfolio. The Connecticut-based Quantitative Systematic Strategies Ltd Liability has invested 0.11% in Citizens Financial Group Inc (NYSE:CFG).

More news for Citizens Financial Group Inc (NYSE:CFG) were recently published by: Businesswire.com, which released: “Citizens Financial Group, Inc. Publishes Results of its 2016 Dodd-Frank Act …” on October 05, 2016. Reuters.com‘s article titled: “Fitch Affirms Citizens Financial Group Inc.’s IDRs at ‘BBB+/F2’; Outlook S…” and published on October 04, 2016 is yet another important article.

CFG Company Profile

Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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