Citizens Financial Group, Inc. (CFG) Could Burn Your Portfolio. The Stock Formed Double Bottom Chart Pattern

Citizens Financial Group, Inc. (NYSE:CFG) Logo

Investors sentiment increased to 1.13 in Q2 2018. Its up 0.13, from 1 in 2018Q1. It is positive, as 39 investors sold Citizens Financial Group, Inc. shares while 184 reduced holdings. 65 funds opened positions while 187 raised stakes. 440.37 million shares or 1.70% less from 447.99 million shares in 2018Q1 were reported.
Advisory Research reported 0.01% in Citizens Financial Group, Inc. (NYSE:CFG). Moreover, Bremer Tru Association has 0.43% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 40,150 shares. Northwestern Mutual Wealth Mngmt has invested 0% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). M&T Bank & Trust Corporation stated it has 52,901 shares or 0.01% of all its holdings. The Australia-based Macquarie Limited has invested 0% in Citizens Financial Group, Inc. (NYSE:CFG). Haverford Service Incorporated reported 10,500 shares. Bluecrest Cap Management holds 0.08% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 83,200 shares. Great West Life Assurance Can reported 808,836 shares. Ameriprise Incorporated accumulated 0.09% or 5.21 million shares. Dana Inv accumulated 0.85% or 501,498 shares. Nuveen Asset Mngmt Ltd Limited Liability Company holds 131,210 shares. Moreover, Parallax Volatility Advisers Limited Partnership has 0% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 16 shares. State Treasurer State Of Michigan reported 0.04% in Citizens Financial Group, Inc. (NYSE:CFG). Toronto Dominion National Bank & Trust has invested 0.02% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Rosenblum Silverman Sutton S F Incorporated Ca reported 36,053 shares.

Since June 5, 2018, it had 2 insider purchases, and 0 selling transactions for $614,440 activity. $105,960 worth of Citizens Financial Group, Inc. (NYSE:CFG) shares were bought by Subramaniam Shivan S.. The insider KOCH CHARLES JOHN bought 14,000 shares worth $508,480.

The chart of Citizens Financial Group, Inc. (CFG) shows a double bottom with $33.81 target or 7.00 % below today’s $36.36 share price. The 7 months chart pattern indicates high risk for the $17.01 billion company. It was reported on Dec, 2 by If the $33.81 price target is reached, the company will be worth $1.19 billion less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.92% or $0.33 during the last trading session, reaching $36.36. About 5.52M shares traded or 14.24% up from the average. Citizens Financial Group, Inc. (NYSE:CFG) has risen 17.05% since December 2, 2017 and is uptrending. It has outperformed by 1.43% the S&P500.

Analysts await Citizens Financial Group, Inc. (NYSE:CFG) to report earnings on January, 18. They expect $0.95 earnings per share, up 33.80 % or $0.24 from last year’s $0.71 per share. CFG’s profit will be $444.51 million for 9.57 P/E if the $0.95 EPS becomes a reality. After $0.93 actual earnings per share reported by Citizens Financial Group, Inc. for the previous quarter, Wall Street now forecasts 2.15 % EPS growth.

Citizens Financial Group, Inc. (NYSE:CFG) Ratings Coverage

Among 4 analysts covering Citizens Financial Group (NYSE:CFG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Citizens Financial Group had 4 analyst reports since September 18, 2018 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $45 target in Monday, October 22 report. The rating was maintained by Morgan Stanley on Tuesday, September 18 with “Overweight”. The rating was upgraded by Bank of America to “Buy” on Monday, October 22. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Buy” rating given on Tuesday, November 27 by Macquarie Research.

More notable recent Citizens Financial Group, Inc. (NYSE:CFG) news were published by: which released: “Citizens to open its first branch in Seaport area – Boston Business Journal” on November 08, 2018, also with their article: “City, state launch separate initiatives to boost tech – Boston Business Journal” published on November 16, 2018, published: “Citizens Financial to acquire wealth management firm – Philadelphia Business Journal” on November 05, 2018. More interesting news about Citizens Financial Group, Inc. (NYSE:CFG) were released by: and their article: “Huge bank plans to cut 55 Greater Cincinnati jobs – Cincinnati Business Courier” published on November 07, 2018 as well as‘s news article titled: “BofA CEO downplays threat posed by Chase in Boston – Boston Business Journal” with publication date: November 08, 2018.

Citizens Financial Group, Inc. operates as the bank holding firm for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking services and products in the United States. The company has market cap of $17.01 billion. It operates in two divisions, Consumer Banking and Commercial Banking. It has a 9.27 P/E ratio. The Consumer Banking segment offers traditional banking services and products, including checking, savings, mortgage and home equity lending, student loans, personal unsecured lines and loans, credit cards, business loans, and wealth management and investment services for retail clients and small businesses.

Citizens Financial Group, Inc. (NYSE:CFG) Institutional Positions Chart

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