The stock of Citizens Financial Group Inc (NYSE:CFG) reached all time high today, Nov, 10 and still has $46.79 target or 59.00% above today’s $29.43 share price. This indicates more upside for the $15.76B company. This technical setup was reported by Barchart.com. If the $46.79 PT is reached, the company will be worth $9.30B 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 2.34M shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 35.12% since April 8, 2016 and is uptrending. It has outperformed by 29.47% the S&P500.
Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage
Out of 19 analysts covering Citizens Financial Group (NYSE:CFG), 11 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 58% are positive. Citizens Financial Group has been the topic of 29 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Buy” rating by Compass Point on Tuesday, January 26. The firm has “Buy” rating by Bank of America given on Monday, August 10. The rating was maintained by Barclays Capital on Monday, January 25 with “Equal-Weight”. As per Monday, January 25, the company rating was maintained by Oppenheimer. The firm earned “Neutral” rating on Wednesday, October 14 by Credit Suisse. Ladenburg Thalmann upgraded the shares of CFG in a report on Monday, October 12 to “Buy” rating. Deutsche Bank downgraded Citizens Financial Group Inc (NYSE:CFG) on Tuesday, November 8 to “Hold” rating. The firm has “Neutral” rating given on Wednesday, August 26 by Guggenheim. The rating was upgraded by UBS to “Buy” on Wednesday, September 30. Sandler O’Neill upgraded the shares of CFG in a report on Wednesday, September 2 to “Buy” rating.
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 Q2 2016. Its up 0.25, from 1.41 in 2016Q1. The ratio is positive, 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.
Moreover, Mizuho Banking Limited has 0.05% invested in Citizens Financial Group Inc (NYSE:CFG) for 843,353 shares. Airain holds 0.3% or 256,716 shares in its portfolio. Nordea Investment Management Ab has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Prudential Public Limited Liability Corp accumulated 0.01% or 125,000 shares. Sandy Spring Financial Bank owns 299 shares or 0% of their US portfolio. Cornerstone Capital Management Holding Limited, a New York-based fund reported 321,152 shares. Fjarde Ap has 127,485 shares for 0.06% of their US portfolio. Norinchukin Financial Bank The last reported 11,601 shares in the company. Metropolitan Life Insur Company Ny has invested 0.04% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Mutual Of America Capital Ltd has 61,554 shares for 0.03% of their US portfolio. Algebris Invests (Uk) Llp accumulated 0.28% or 82,000 shares. Polar Capital Llp has 0.01% invested in the company for 24,794 shares. Rafferty Asset Mngmt Ltd holds 0.08% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 57,835 shares. Morgan Stanley owns 5.53M shares or 0.04% of their US portfolio. Gideon Cap Advisors accumulated 130,453 shares or 1.52% of the stock.
More news for Citizens Financial Group Inc (NYSE:CFG) were recently published by: Businesswire.com, which released: “Citizens Financial Group to Present at Goldman Sachs US Financial Services …” on November 01, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” and published on October 27, 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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