Citizens Financial Group Inc (NYSE:CFG) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 9,367,756 shares, a drop of 25.7% from the July 31st total of 12,608,862 shares. Based on an average trading volume of 3,282,681 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.9% of the company’s stock are short sold.

Shares of Citizens Financial Group stock traded up $0.37 during trading hours on Friday, reaching $40.14. 3,477,518 shares of the stock traded hands, compared to its average volume of 2,933,872. The company has a market cap of $19.21 billion, a P/E ratio of 15.56, a P/E/G ratio of 0.54 and a beta of 1.37. Citizens Financial Group has a one year low of $34.42 and a one year high of $48.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 20th. The bank reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts anticipate that Citizens Financial Group will post 3.49 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley raised their price target on Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Finally, Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price objective for the company in a report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $46.40.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Mercantile Trust Co. purchased a new position in Citizens Financial Group in the 2nd quarter worth approximately $102,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Citizens Financial Group by 8,430.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock worth $110,000 after purchasing an additional 2,782 shares in the last quarter. First Personal Financial Services purchased a new position in Citizens Financial Group in the 1st quarter worth approximately $112,000. Adviser Investments LLC purchased a new position in Citizens Financial Group in the 1st quarter worth approximately $155,000. Finally, Citizens Financial Group Inc RI lifted its holdings in Citizens Financial Group by 255.4% in the 1st quarter. Citizens Financial Group Inc RI now owns 3,796 shares of the bank’s stock worth $159,000 after purchasing an additional 2,728 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Read More: Marijuana Stocks Future Looks Bright

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.