Teachers Retirement System of The State of Kentucky Boosts Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 105.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,135,152 shares of the bank’s stock after buying an additional 583,473 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.26% of Citizens Financial Group worth $46,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $25,000. Costello Asset Management INC acquired a new position in Citizens Financial Group during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $28,000. Finally, Private Ocean LLC grew its stake in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after buying an additional 838 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.0 %

Shares of CFG stock opened at $46.42 on Wednesday. Citizens Financial Group, Inc. has a 1 year low of $29.16 and a 1 year high of $49.25. The firm has a market capitalization of $20.46 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The stock has a fifty day moving average of $44.26 and a two-hundred day moving average of $40.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. DA Davidson boosted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Evercore ISI cut their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Citigroup lifted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.94.

Citizens Financial Group Profile

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.