The stock of Citizens Financial Group Inc (NYSE:CFG) hit a new 52-week high and has $48.29 target or 57.00% above today’s $30.76 share price. The 6 months bullish chart indicates low risk for the $15.88 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $48.29 price target is reached, the company will be worth $9.05B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.89 million shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 38.77% since April 12, 2016 and is uptrending. It has outperformed by 33.79% 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 rating was upgraded by UBS on Wednesday, September 30 to “Buy”. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Neutral” rating by Citigroup on Tuesday, November 8. Citigroup maintained it with “Buy” rating and $29 target price in Wednesday, October 12 report. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, November 24. Compass Point maintained it with “Buy” rating and $33 target price in Wednesday, July 22 report. The firm has “Hold” rating given on Tuesday, November 8 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, September 2 by Sandler O’Neill. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Sell” rating given on Thursday, August 27 by Zacks. As per Wednesday, August 26, the company rating was upgraded by Bernstein. The rating was maintained by Wedbush with “Outperform” on Monday, October 24.
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 has 0.05% invested in Citizens Financial Group Inc (NYSE:CFG) for 843,353 shares. The California-based Hotchkis And Wiley Capital Ltd Liability Corporation has invested 1.87% in Citizens Financial Group Inc (NYSE:CFG). Utah Retirement reported 96,800 shares or 0.05% of all its holdings. The Massachusetts-based Rhumbline Advisers has invested 0.04% in Citizens Financial Group Inc (NYSE:CFG). Cubist Systematic Strategies Lc accumulated 0.21% or 182,868 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.08% in Citizens Financial Group Inc (NYSE:CFG). Blackrock Fund Advsrs has 8.84M shares for 0.04% of their US portfolio. Fort Washington Inc Oh holds 40,241 shares or 0.02% of its portfolio. Oregon Employees Retirement Fund last reported 0.04% of its portfolio in the stock. Walleye Trading Limited Liability Com holds 0.02% or 167,783 shares in its portfolio. Keybank Natl Association Oh holds 207,843 shares or 0.03% of its portfolio. Comerica Financial Bank holds 128,480 shares or 0.03% of its portfolio. Signaturefd Limited Liability Co accumulated 0% or 754 shares. The New York-based Clearbridge Ltd Liability Co has invested 0% in Citizens Financial Group Inc (NYSE:CFG). Holowesko has 1.34M shares for 2.26% 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. Nasdaq.com‘s article titled: “Citizens Financial Group, Inc. (CFG) Ex-Dividend Date Scheduled for October 31 …” and published on October 28, 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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