National Pension Service Decreases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

National Pension Service reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 874,614 shares of the bank's stock after selling 32,130 shares during the quarter. National Pension Service owned approximately 0.19% of Citizens Financial Group worth $35,920,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CFG. Janney Montgomery Scott LLC raised its position in Citizens Financial Group by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 127,285 shares of the bank's stock worth $4,619,000 after purchasing an additional 2,003 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Citizens Financial Group by 9.1% in the first quarter. Daiwa Securities Group Inc. now owns 46,309 shares of the bank's stock worth $1,681,000 after acquiring an additional 3,852 shares during the period. Csenge Advisory Group boosted its holdings in Citizens Financial Group by 8.0% in the first quarter. Csenge Advisory Group now owns 20,423 shares of the bank's stock valued at $741,000 after acquiring an additional 1,506 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Citizens Financial Group by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank's stock worth $3,497,000 after purchasing an additional 382 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Citizens Financial Group in the 1st quarter worth approximately $1,180,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 4.7 %

CFG traded down $2.28 during midday trading on Thursday, reaching $46.03. 5,226,480 shares of the company were exchanged, compared to its average volume of 5,344,135. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $24.61 and a one year high of $48.35. The company's fifty day moving average price is $41.61 and its 200 day moving average price is $38.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced 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 return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Citizens Financial Group's revenue was down 5.6% compared to the same quarter last year. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Wall Street Analyst Weigh In

Several equities research 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 stock a "buy" rating in a research report on Thursday, October 17th. Barclays boosted their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Morgan Stanley raised their target price on 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 boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a research note on Monday, September 30th. Finally, Stephens raised their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Hold" and a consensus price target of $43.80.

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.