California Public Employees Retirement System Has $30.86 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

California Public Employees Retirement System cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 705,313 shares of the bank's stock after selling 78,093 shares during the period. California Public Employees Retirement System owned 0.16% of Citizens Financial Group worth $30,864,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CFG. Schroder Investment Management Group raised its holdings in shares of Citizens Financial Group by 8.3% in the fourth quarter. Schroder Investment Management Group now owns 591,620 shares of the bank's stock worth $25,771,000 after buying an additional 45,093 shares during the last quarter. Intrust Bank NA boosted its position in Citizens Financial Group by 11.3% in the 4th quarter. Intrust Bank NA now owns 43,456 shares of the bank's stock worth $1,902,000 after purchasing an additional 4,399 shares in the last quarter. Allstate Corp purchased a new stake in Citizens Financial Group during the fourth quarter worth $585,000. Orion Portfolio Solutions LLC boosted its stake in shares of Citizens Financial Group by 6.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,547 shares of the bank's stock worth $1,818,000 after acquiring an additional 2,561 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in Citizens Financial Group by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 278,000 shares of the bank's stock valued at $12,165,000 after purchasing an additional 25,271 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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Citizens Financial Group Stock Up 1.4 %

Shares of CFG stock traded up $0.49 during mid-day trading on Monday, reaching $34.76. 7,997,252 shares of the company were exchanged, compared to its average volume of 4,726,113. The company has a market capitalization of $15.20 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The business's 50 day simple moving average is $43.52 and its 200 day simple moving average is $44.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 4.83%. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CFG. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods upped their target price 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. Citigroup cut their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Barclays boosted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.06.

Citizens Financial Group 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.