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

Kentucky Retirement Systems cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after buying an additional 383,947 shares during the last quarter. Versor Investments LP bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $1,910,000. UniSuper Management Pty Ltd increased 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 worth $932,000 after acquiring an additional 23,449 shares during the last quarter. CWM LLC raised its stake in Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after acquiring an additional 17,718 shares during the period. Finally, Quantbot Technologies LP bought a new position in Citizens Financial Group during the second quarter worth $5,009,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CFG shares. DA Davidson increased 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. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Barclays upped their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Trading Down 0.4 %

CFG opened at $46.57 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a twelve month low of $26.13 and a twelve month high of $48.35. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a 50-day simple moving average of $42.29 and a 200 day simple moving average of $39.53.

Citizens Financial Group (NYSE:CFG) last posted its quarterly 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 quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.61%. Citizens Financial Group’s dividend payout ratio (DPR) 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.