Notable Mover: Is Citizens Financial Group Inc a Buy? The Stock Reaches All Time High Today

Notable Mover: Is Citizens Financial Group Inc a Buy? The Stock Reaches All Time High Today

The stock of Citizens Financial Group Inc (NYSE:CFG) reached all time high today, Nov, 18 and still has $42.06 target or 31.00% above today’s $32.11 share price. This indicates more upside for the $16.89B company. This technical setup was reported by Barchart.com. If the $42.06 PT is reached, the company will be worth $5.24 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.90M shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 39.66% since April 18, 2016 and is uptrending. It has outperformed by 35.23% the S&P500.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Out of 20 analysts covering Citizens Financial Group (NYSE:CFG), 6 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 30% are positive. Citizens Financial Group has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Bank of America initiated Citizens Financial Group Inc (NYSE:CFG) on Monday, August 10 with “Buy” rating. Guggenheim upgraded the shares of CFG in a report on Wednesday, August 26 to “Neutral” rating. The rating was upgraded by Zacks to “Sell” on Thursday, August 27. The firm has “Hold” rating given on Tuesday, November 8 by Deutsche Bank. The firm has “Neutral” rating by Citigroup given on Tuesday, November 8. The stock has “Outperform” rating given by Wedbush on Friday, October 7. On Monday, October 12 the stock rating was upgraded by Citigroup to “Buy”. The company was downgraded on Thursday, November 17 by Wedbush. On Wednesday, September 30 the stock rating was upgraded by UBS to “Buy”. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

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 decreased to 1.02 in 2016 Q2. Its down 0.64, from 1.66 in 2016Q1. The ratio fall, 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.
Clinton Group holds 650,428 shares or 0.57% of its portfolio. First Personal Fin last reported 0% of its portfolio in the stock. Stieven Capital Advsr Lp holds 431,300 shares or 2.4% of its portfolio. Boothbay Fund Management Llc holds 0.14% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 14,734 shares. Css Ltd Llc Il owns 20,000 shares or 0.03% of their US portfolio. Moreover, Highlander Cap Mngmt Ltd Liability has 0.02% invested in Citizens Financial Group Inc (NYSE:CFG) for 1,000 shares. Arrowpoint Asset Ltd Liability holds 624,504 shares or 0.25% of its portfolio. Korea Investment has invested 0.01% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Federated Inc Pa has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Cleararc last reported 12,858 shares in the company. Wellington Mngmt Grp Limited Liability Partnership has invested 0.01% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Orrstown Fincl Service Inc has 0% invested in the company for 162 shares. Blb&B Advsrs Ltd Liability has invested 0.04% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Airain Limited last reported 0.3% of its portfolio in the stock. Neuberger Berman Limited Liability Corporation owns 53,316 shares or 0% of their US portfolio.

More news for Citizens Financial Group Inc (NYSE:CFG) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” on October 27, 2016. Finance.Yahoo.com‘s article titled: “Zacks.com featured highlights: General Motors, Dean Foods, Citizens Financial …” and published on November 16, 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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