Citizens Financial Group Inc (NYSE: CFG) is 25.53% higher on its value in year-to-date trading and has touched a low of $22.77 and a high of $43.96 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 $41.97 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $41.60, the stock is 0.83% and 4.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.2 million and changing -0.88% at the moment leaves the stock 19.69% off its SMA200. CFG registered 46.58% gain for a year compared to 6-month gain of 23.96%.
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The stock witnessed a 7.08% loss in the last 1 month and extending the period to 3 months gives it a 21.96%, and is -2.60% down 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 1.98% over the week and 2.08% over the month.
Citizens Financial Group Inc (CFG) has around 17570 employees, a market worth around $18.65B and $12.54B in sales. Current P/E ratio is 15.84 and Fwd P/E is 10.38. Profit margin for the company is 9.73%. Distance from 52-week low is 82.70% and -5.37% from its 52-week high. The company has generated returns on investments over the last 12 months (3.56%).
Citizens Financial Group Inc quarterly earnings per share for the current quarter are estimated at 0.8 with sales reaching $1.95B over the same period.The EPS is expected to grow by 0.23% this year, but quarterly earnings will post -4.50% year-over-year.
1064.0 institutions hold shares in Citizens Financial Group Inc (CFG), with institutional investors hold 94.97% of the company’s shares. The shares outstanding are 466.42M, and float is at 444.55M with Short Float at 2.80%. Institutions hold 94.33% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 55.36 million shares valued at $1.99 billion. The investor’s holdings represent 12.0003 of the CFG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 52.29 million shares valued at $1.88 billion to account for 11.3348 of the shares outstanding. The other top investors are STATE STREET CORP which holds 24.21 million shares representing 5.2478 and valued at over $872.33 million, while INVESCO LTD. holds 4.7864 of the shares totaling 22.08 million with a market value of $795.63 million.
Citizens Financial Group Inc (CFG) Insider Activity
The most recent transaction is an insider sale by Read Craig Jack, the company’s Controller. SEC filings show that Read Craig Jack sold 3,938 shares of the company’s common stock on Jul 25 ’24 at a price of $43.26 per share for a total of $0.17 million. Following the sale, the insider now owns 33620.0 shares.
Citizens Financial Group Inc disclosed in a document filed with the SEC on Apr 19 ’24 that Read Craig Jack (Controller) sold a total of 6,327 shares of the company’s common stock. The trade occurred on Apr 19 ’24 and was made at $33.70 per share for $0.21 million. Following the transaction, the insider now directly holds 37558.0 shares of the CFG stock.
Still, SEC filings show that on Mar 05 ’24, Read Craig Jack (Controller) disposed off 4,508 shares at an average price of $33.54 for $0.15 million. The insider now directly holds 43,885 shares of Citizens Financial Group Inc (CFG).
