Kentucky Retirement Systems Has $1.28 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Kentucky Retirement Systems cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,231 shares of the bank’s stock after selling 3,058 shares during the period. Kentucky Retirement Systems’ holdings in Citizens Financial Group were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CFG. Canada Pension Plan Investment Board lifted its holdings in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after buying an additional 383,947 shares during the period. Versor Investments LP acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $1,910,000. UniSuper Management Pty Ltd boosted its position in shares of Citizens Financial Group by 1,045.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after purchasing an additional 23,449 shares during the last quarter. CWM LLC grew its stake in shares of Citizens Financial Group by 77.1% during the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after purchasing an additional 17,718 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Citizens Financial Group in the second quarter valued at about $5,009,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

NYSE CFG opened at $46.57 on Tuesday. The firm’s 50 day moving average is $42.29 and its 200-day moving average is $39.53. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $20.52 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a 12-month low of $26.13 and a 12-month high of $48.35.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.61%. Citizens Financial Group’s payout ratio is presently 66.14%.

Analyst Ratings Changes

CFG has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Barclays boosted their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lifted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.80.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.