Citizens Financial Group (NYSE:CFG) has tumbled 6.06% during the past week and has dropped 8.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.93%. Citizens Financial Group (NYSE:CFG) has underperformed the index by 9.02% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Citizens Financial Group (NYSE:CFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.00 and $20.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.10, notching a gain of 0.76% for the day. The total traded volume was 9,967,994 . The stock had closed at $20.94 on the previous day.
The company shares have dropped -25.36% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $28.54 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.58 and the 200 Day Moving Average price is recorded at $22.54.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Citizens Financial Group Inc/Ri, Subramaniam Shivan S. had purchased shares worth of $104,550 in a transaction dated on March 8, 2016. A total of 5,000 shares were purchased at a price of $20.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on Citizens Financial Group (NYSE:CFG). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $24 per share to $26 per share. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 0.22% of Citizens Financial Group shares according to the proxy statements. Institutional Investors own 95.07% of Citizens Financial Group shares. During last six month period, the net percent change held by insiders has seen a change of 6.56%.
Citizens Financial Group, Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates approximately 1,200 branches in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online, telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).