Teachers Retirement System of The State of Kentucky Sells 11,338 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,123,814 shares of the bank’s stock after selling 11,338 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.26% of Citizens Financial Group worth $49,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Citizens Financial Group during the fourth quarter worth about $243,431,000. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock valued at $462,547,000 after purchasing an additional 2,298,040 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Citizens Financial Group in the fourth quarter worth $56,483,000. Capital World Investors raised its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock valued at $1,570,989,000 after buying an additional 1,131,838 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after acquiring an additional 839,041 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.1 %

CFG opened at $35.43 on Friday. The company has a market cap of $15.49 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The business’s 50-day moving average price is $40.88 and its 200-day moving average price is $43.61. 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 (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.74%. Citizens Financial Group’s payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CFG shares. Raymond James reaffirmed a “strong-buy” rating and set a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a report on Thursday. Stephens lowered their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Citigroup cut their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Royal Bank of Canada dropped their price objective on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Truist Financial reduced their target price on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a report on Thursday. Eight 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.82.

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.