Citizens Financial Group Inc (NYSE: CFG) is 31.11% higher on its value in year-to-date trading and has touched a low of $30.24 and a high of $49.25 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 $42.45 in the last trading session, with the day’s gains setting it 1.0%.
Currently trading at $43.45, the stock is -5.91% and -3.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.71 million and changing 2.36% at the moment leaves the stock 10.43% off its SMA200. CFG registered 34.19% gain for a year compared to 6-month gain of 22.77%. The firm has a 50-day simple moving average (SMA 50) of $44.8222 and a 200-day simple moving average (SMA200) of $39.3458.
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The stock witnessed a -5.79% loss in the last 1 month and extending the period to 3 months gives it a 5.82%, and is -4.92% 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 3.64% over the week and 2.58% over the month.
Citizens Financial Group Inc (CFG) has around 17570 employees, a market worth around $19.60B and $12.53B in sales. Current P/E ratio is 17.10 and Fwd P/E is 11.34. Profit margin for the company is 9.29%. Distance from 52-week low is 43.68% and -11.78% from its 52-week high. The company has generated returns on investments over the last 12 months (3.22%).
with sales reaching $1.96B over the same period.The EPS is expected to shrink by -3.40% this year, but quarterly earnings will post -5.34% year-over-year. Quarterly sales are estimated to shrink -1.40% in year-over-year returns.
Citizens Financial Group Inc (CFG) Top Institutional Holders
1108.0 institutions hold shares in Citizens Financial Group Inc (CFG), with institutional investors hold 98.39% of the company’s shares. The shares outstanding are 445.22M, and float is at 436.91M with Short Float at 2.42%. Institutions hold 97.72% 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
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Still, SEC filings show that on Jul 25 ’24, Read Craig Jack (Controller) disposed off 3,938 shares at an average price of $43.26 for $0.17 million. The insider now directly holds 33,620 shares of Citizens Financial Group Inc (CFG).
