Sunday, June 26, 2022

A Guide To The Risks Of Investing In Citizens Financial Group Inc. (CFG)

Citizens Financial Group Inc.’s recent filing unveils that its Director Lillis Terrance acquired Company’s shares for reported $41310.0 on Apr 26. In the deal valued at $41.31 per share,1,000 shares were bought. As a result of this transaction, Lillis Terrance now holds 2,000 shares worth roughly $ 72340.0.


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Following these proceedings, UBS upgraded its Citizens Financial Group Inc. [CFG] rating to a Buy from a a Neutral in a research note published on Tuesday, May 16, 2022; the price target was increased to $54 from $48. PT values the company’s stock at a premium of 33.02 to its Tuesday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. Keefe Bruyette also remained covering CFG and has decreased its forecast on April 05, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating.

Price Performance Review of CFG

On Tuesday, Citizens Financial Group Inc. [NYSE:CFG] saw its stock jump 1.54% to $36.17. On the same session, the stock had its day’s lowest price of $35.71, but rose to a high of $36.86. Over the last five days, the stock has gained 2.12%. Citizens Financial Group Inc. shares have fallen nearly -23.45% since the year began. Nevertheless, the stocks have fallen -20.51% over the past one year. While a 52-week high of $57.00 was reached on 01/18/22, a 52-week low of $34.50 was recorded on 06/16/22. SMA at 50 days reached $39.60, while 200 days put it at $46.52. A total of 5.09 million shares were traded, compared to the trading of 6.17 million shares in the previous session.

Levels Of Support And Resistance For CFG Stock

The 24-hour chart illustrates a support level at 35.63, which if violated will result in even more drops to 35.10. On the upside, there is a resistance level at 36.78. A further resistance level may holdings at 37.40. The Relative Strength Index (RSI) on the 14-day chart is 39.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.14%. Stochastics %K at 18.37% indicates the stock is a buying.

Citizens Financial Group Inc. [CFG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 54,395,102 shares, or roughly 10.98% of the outstanding CFG shares. In other words, the investor’s shares have fallen by -10,823 from its previous 13-F filing of 54405925.0. Additionally, BlackRock Fund Advisors increased 0.63% of its stake after which the total value it holdings stand at $1,477,690,062, while Capital Research & Management Co reduced -2.95% of its stake to hold $1.17 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 329,378 shares of Citizens Financial Group Inc., while Capital Research & Management Co bought 8,203,831 shares. At present, Invesco Advisers, Inc. is holding 11,986,309 shares valued at $495.99 million. Charles Schwab Investment Managem owned 11,936,187 shares of the company at the time of its most recent 13F filing, worth $493.92 million.

The most recent change occurred on January 13, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $58 price target.

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