Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,885 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,706 shares of the bank’s stock after selling 3,885 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Citizens Financial Group were worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the 4th quarter worth about $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group during the 4th quarter worth about $47,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the 3rd quarter worth about $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group during the 4th quarter worth about $51,000. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the subject of several analyst reports. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Stephens reissued an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Barclays increased their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Stock Performance

CFG opened at $41.19 on Monday. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $18.00 billion, a PE ratio of 13.59, a P/E/G ratio of 0.81 and a beta of 1.06. The firm has a 50 day moving average of $45.12 and a two-hundred day moving average of $44.12.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.08%. Citizens Financial Group’s payout ratio is 55.45%.

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.