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Citizens Financial Group Inc (CFG) Stock Could Soon Reward Patient Investors

MQ Stock

Citizens Financial Group Inc (NYSE: CFG) is 7.54% higher on its value in year-to-date trading and has touched a low of $22.77 and a high of $36.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CFG stock was last observed hovering at around $36.29 in the last trading session, with the day’s loss setting it -0.65%.

Currently trading at $35.64, the stock is 4.32% and 8.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.91 million and changing -1.79% at the moment leaves the stock 21.19% off its SMA200. CFG registered 14.49% gain for a year compared to 6-month gain of 35.26%.

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The stock witnessed a 13.54% loss in the last 1 month and extending the period to 3 months gives it a 6.17%, and is 1.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 2.78% over the month.

Citizens Financial Group Inc (CFG) has around 17570 employees, a market worth around $16.34B and $12.21B in sales. Current P/E ratio is 11.45 and Fwd P/E is 8.86. Profit margin for the company is 12.21%. Distance from 52-week low is 56.52% and -1.95% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).

Citizens Financial Group Inc quarterly earnings per share for the current quarter are estimated at $0.75 with sales reaching $1.96B over the same period.The EPS is expected to grow by 3.14% this year, but quarterly earnings will post -4.20% year-over-year. Quarterly sales are estimated to shrink -8.00% in year-over-year returns.

Citizens Financial Group Inc (CFG) Top Institutional Holders

989 institutions hold shares in Citizens Financial Group Inc (CFG), with institutional investors hold 98.05% of the company’s shares. The shares outstanding are 466.42M, and float is at 454.94M with Short Float at 4.40%. Institutions hold 97.41% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 60.39 million shares valued at $1.58 billion. The investor’s holdings represent 12.79% of the CFG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 56.74 million shares valued at $1.48 billion to account for 12.01% of the shares outstanding. The other top investors are State Street Corporation which holds 25.19 million shares representing 5.33% and valued at over $656.99 million, while Capital International Investors holds 4.69% of the shares totaling 22.17 million with a market value of $578.22 million.

Citizens Financial Group Inc (CFG) Insider Activity

The most recent transaction is an insider sale by Read Craig Jack,the company’sController. SEC filings show that Read Craig Jack sold 4,508 shares of the company’s common stock on Mar 05 ’24 at a price of $33.54 per share for a total of $0.15 million. Following the sale, the insider now owns 43885.0 shares.

Citizens Financial Group Inc disclosed in a document filed with the SEC on Oct 27 ’23 that Lillis Terrance (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Oct 27 ’23 and was made at $22.86 per share for $22865.0. Following the transaction, the insider now directly holds 4000.0 shares of the CFG stock.

Still, SEC filings show that on May 17 ’23, Lillis Terrance (Director) acquired 1,000 shares at an average price of $26.39 for $26390.0. The insider now directly holds 3,000 shares of Citizens Financial Group Inc (CFG).

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