Stock On Watch: What’s Next for Citizens Financial Group Inc After Today’s Huge Increase?

Stock On Watch: What's Next for Citizens Financial Group Inc After Today's Huge Increase?

The stock of Citizens Financial Group Inc (NYSE:CFG) is a huge mover today! About 1.82M shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 34.95% since April 26, 2016 and is uptrending. It has outperformed by 29.69% the S&P500.
The move comes after 7 months positive chart setup for the $16.27 billion company. It was reported on Nov, 29 by Barchart.com. We have $34.74 PT which if reached, will make NYSE:CFG worth $1.14B more.

Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 EPS, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $260.56 million for 15.61 P/E if the $0.52 EPS becomes a reality. After $0.52 actual EPS reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. The company was upgraded on Friday, August 21 by Zacks. On Wednesday, November 16 the stock rating was downgraded by Piper Jaffray to “Neutral”. The stock has “Sell” rating given by Zacks on Thursday, August 27. The rating was maintained by Compass Point on Tuesday, January 26 with “Buy”. The stock has “Buy” rating given by Sandler O’Neill on Wednesday, September 2. As per Wednesday, November 16, the company rating was downgraded by Bernstein. The firm earned “Buy” rating on Monday, October 12 by Ladenburg Thalmann. The stock has “Neutral” rating given by Wedbush on Thursday, November 17. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, November 14 report. Deutsche Bank downgraded it to “Hold” rating and $27 target price in Tuesday, November 8 report.

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.
State Treasurer State Of Michigan, a Michigan-based fund reported 183,800 shares. Teachers Retirement Systems Of The State Of Kentucky has invested 0.14% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). State Of Tennessee Treasury Department has 117,212 shares for 0.01% of their US portfolio. Blackrock Ltd has 7.82 million shares for 0.08% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt owns 42,354 shares or 0.02% of their US portfolio. Neuberger Berman Group Incorporated Ltd Limited Liability Company has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Moreover, Two Sigma Secs Ltd Com has 0.14% invested in Citizens Financial Group Inc (NYSE:CFG) for 12,553 shares. Alyeska Investment Grp Limited Partnership accumulated 0.29% or 1.43 million shares. The Minnesota-based Advantus Capital Mngmt Inc has invested 0.03% in Citizens Financial Group Inc (NYSE:CFG). Blackrock Invest Mgmt Limited Liability Company holds 0.05% or 2.14 million shares in its portfolio. Td Asset Management Inc accumulated 690,769 shares or 0.03% of the stock. Cubist Systematic Strategies Limited Liability accumulated 182,868 shares or 0.21% of the stock. Panagora Asset Mgmt Inc holds 0.01% or 130,366 shares in its portfolio. The Pennsylvania-based Mycio Wealth Ltd Company has invested 0% in Citizens Financial Group Inc (NYSE:CFG). Citadel Advisors Limited Liability accumulated 0.12% or 5.60 million shares.

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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