Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,748 shares of the bank's stock after selling 13,701 shares during the period. New York State Teachers Retirement System owned about 0.10% of Citizens Financial Group worth $17,937,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its position in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after buying an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Citizens Financial Group by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank's stock valued at $292,000 after acquiring an additional 305 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in shares of Citizens Financial Group by 0.3% during the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock valued at $3,648,000 after purchasing an additional 308 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Citizens Financial Group by 11.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock worth $117,000 after purchasing an additional 334 shares during the period. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 0.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank's stock worth $1,768,000 after purchasing an additional 360 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.30 on Friday, reaching $41.82. 3,305,603 shares of the company traded hands, compared to its average volume of 5,329,178. The stock has a market capitalization of $18.61 billion, a PE ratio of 16.46, a P/E/G ratio of 1.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company's 50 day moving average is $41.52 and its 200-day moving average is $38.63. Citizens Financial Group, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $44.39.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business's quarterly revenue was down 5.6% on a year-over-year basis. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. Citizens Financial Group's payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several analyst reports. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Barclays raised their price target on shares of 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. Evercore ISI decreased their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.80.

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.