Kentucky Retirement Systems Insurance Trust Fund Has $545,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 9.6% during the third quarter, HoldingsChannel reports. The firm owned 13,273 shares of the bank’s stock after selling 1,403 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Citizens Financial Group were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CFG. Canada Pension Plan Investment Board boosted its stake 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 in the last quarter. Versor Investments LP acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $1,910,000. UniSuper Management Pty Ltd grew its holdings in shares of Citizens Financial Group by 1,045.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock valued at $932,000 after purchasing an additional 23,449 shares during the last quarter. CWM LLC increased its position in Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after purchasing an additional 17,718 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Citizens Financial Group in the 2nd quarter valued at approximately $5,009,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CFG. Morgan Stanley boosted their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $46.57 on Tuesday. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s 50 day moving average price is $42.29 and its two-hundred day moving average price is $39.53.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

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

Citizens Financial Group Company 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.