Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 50,259 shares of the bank’s stock after selling 1,815 shares during the period. State of Alaska Department of Revenue’s holdings in Citizens Financial Group were worth $2,199,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the third quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the third quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the third quarter valued at about $48,000. Finally, Claro Advisors LLC bought a new position in Citizens Financial Group during the third quarter valued at about $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 1.2 %

Shares of Citizens Financial Group stock opened at $47.37 on Tuesday. The stock has a 50-day moving average price of $45.77 and a 200 day moving average price of $43.63. The company has a market cap of $20.88 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business earned $0.85 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

CFG has been the subject of several research reports. The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. DA Davidson increased their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.