A company insider recently bought 1,000 shares of Citizens Financial Group Inc. [CFG]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Citizens Financial Group Inc. shares valued at $41,310 were purchased by Lillis Terrance on Apr 26. At $41.31 per share, Lillis Terrance acquired 1,000 shares. The insider’s holdings grew to 2,000 shares worth approximately $73200.0 following the completion of this transaction.

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As published in a research note from UBS on May 16, 2022, Citizens Financial Group Inc. [CFG] has been rated up from a Neutral to a Buy and the price target has been revised to $54 from $48. This represents a 32.22% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of April 05, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for CFG.

Analyzing CFG’s Price Performance

On Thursday, Citizens Financial Group Inc. [NYSE: CFG] plunged -1.82% to $36.60. The stock’s lowest price that day was $36.57, but it reached a high of $37.28 in the same session. During the last five days, there has been a drop of approximately -2.01%. Over the course of the year, Citizens Financial Group Inc. shares have dropped approximately -22.54%. Shares of the company reached a 52-week high of $57.00 on 01/18/22 and a 52-week low of $34.35 on 07/14/22. A 50-day SMA is recorded $37.40, while a 200-day SMA reached $45.10. Nevertheless, trading volume fell to 2.68 million shares from 2.79 million shares the previous day.

Support And Resistance Levels for Citizens Financial Group Inc. (CFG)

According to the 24-hour chart, there is a support level at 36.35, which, if violated, would cause prices to drop to 36.11. In the upper region, resistance lies at 37.06. The next price resistance is at 37.53. RSI (Relative Strength Index) is 46.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 93.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Citizens Financial Group Inc. subject to short interest?

Stocks of Citizens Financial Group Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.31 million shares to 7.82 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.51 million shares. A jump of 3.96% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.62.

Which companies own the most shares of Citizens Financial Group Inc. (CFG)?

According to The Vanguard Group, Inc. filings, the company currently owns 54,395,102 shares, which is about 10.98% of the total CFG shares outstanding. The investor’s shares have plunged by -10,823 from its previous 13-F filing of 54405925.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,274,498,751. Capital Research & Management Co reduced a -2.95% interest valued at $1.01 billion while SSgA Funds Management, Inc. purchased a 329,378 stake. A total of 8,203,831 shares of Citizens Financial Group Inc. were bought by Capital Research & Management Co during the quarter, and -857,494 were sold by Invesco Advisers, Inc. In its current portfolio, Charles Schwab Investment Managem holds 11,936,187 shares valued at $426.0 million.

In terms of Citizens Financial Group Inc. share price expectations, FactSet research, analysts set an average price target of $46.53 in the next 12 months, up nearly 20.71% from the previous closing price of $37.28. Analysts anticipate Citizens Financial Group Inc. stock to reach $56.00 by 2022, with the lowest price target being $33.00. On January 13, 2022, UBS assigned a price target of “a Neutral” to the stock and initiated coverage with a $58.


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