Citizens Financial Group, Inc. (NYSE:CFG) Traded Over Its 50 Day Moving Average


The stock last traded at $38.50 which is a tad above $36.15, the 50 day moving average and a tad higher than the 200 day moving average of $35.48. The 50 day moving average was up $2.35 or +6.50% whereas the 200 day moving average was up $3.02 or +8.52%. Citizens Financial Group, Inc. shares had a trading volume of 6,990K by the end of trading on Tuesday. Overall, volume was up 26.10% over the stocks normal daily volume.

Traders are a little more bullish on the company looking at the change in short interest. The stock realized a fall in short interest from September 15, 2017 to September 29, 2017 of -2.71%. Short shares fell from 12,002,023 to 11,676,672 over that timeframe. The days to cover decreased to 3.0 and the short interest percentage is 0.02% as of September 29.

Here are a few substantial investment firms who have updated their positions. As of quarter end State Treasurer State Of Michigan had disposed of a total of 14,600 shares trimming its stake by 8.8%. The value of the investment in (CFG) went from $5,941,000 to $5,752,000 decreasing 3.2% quarter to quarter. Financial Architects, Inc downsized its ownership by selling 785 shares a decrease of 68.3% in the quarter. Financial Architects, Inc now holds 365 shares worth $14,000. The total value of its holdings decreased 65.9%.

As of the end of the quarter Bowling Portfolio Management LLC had sold 8,696 shares trimming its position 8.3%. The value of the investment in CFG decreased from $3,760,000 to $3,661,000 a change of $99,000 quarter over quarter. As of the end of the quarter Robeco Institutional Asset Management B.v. had acquired a total of 12,665 shares growing its holdings by 2.2%. The value of the company’s investment in Citizens Financial Group, Inc. went from $20,747,000 to $22,503,000 a change of 8.5% since the last quarter.

On September 14 the company was upgraded to “Outperform” from “Market Perform” by Bernstein. On October 2, 2017 the stock rating was set at “Underperform” by Bank of America which is down from the previous “Buy” rating.

October 23 investment analysts at Barclays kept the company rating at “Equal-Weight” but raised the price expectation from $25.00 to $41.00.

The company is now up from yesterday’s close of 38.33. Additionally Citizens Financial Group, Inc. announced a dividend that will be paid on Wednesday the 15th of November 2017. The dividend payment will be $0.180 per share for the quarter which is $0.72 annualized. The dividend yield will be $1.88. The ex-dividend date will be on Monday the 31st of July 2017.

The P/E ratio is currently 16.44 and market cap is 19.28B. As of the latest earnings report the EPS was $2.34 and is projected to be $2.64 for the current year with 500,671,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.64 with next year’s EPS anticipated to be $2.82.

Citizens Financial Group, Inc., launched on November 21, 1984, is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. The Company delivers a range of retail and commercial banking products and services to individuals, institutions and companies. As of December 31, 2016, the Company operated approximately 1,200 branches operating in an 11-state banking footprint across the New England, Mid-Atlantic and Midwest regions and through its online, telephone and mobile banking platforms. As of December 31, 2016, it also maintained more than 100 retail and commercial non-branch offices located in its branch banking footprint and in other states and the District of Columbia. The Business’s primary subsidiaries include Citizens Bank, N.A. (CBNA), a national banking association and Citizens Bank of Pennsylvania (CBPA), a Pennsylvania-chartered savings bank..