New York State Teachers Retirement System reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,436 shares of the bank's stock after selling 34,312 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Citizens Financial Group worth $17,611,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at $28,000. 94.90% of the stock is owned by hedge funds and other institutional investors.
Citizens Financial Group Stock Down 2.5 %
Citizens Financial Group stock traded down $1.18 during trading hours on Thursday, reaching $46.21. The stock had a trading volume of 3,970,017 shares, compared to its average volume of 3,794,170. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.82 and a beta of 1.10. The business's 50 day moving average price is $45.79 and its 200-day moving average price is $43.87.
Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.
Citizens Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.64%. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CFG shares. Piper Sandler boosted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Barclays upped their price objective on shares of 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. Compass Point upped their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Citizens Financial Group has a consensus rating of "Moderate Buy" and an average target price of $49.00.
Check Out Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Profile
(
Free Report)
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.
Further Reading
Before you consider Citizens Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citizens Financial Group wasn't on the list.
While Citizens Financial Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
