Teacher Retirement System of Texas Has $18.34 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Teacher Retirement System of Texas lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,076 shares of the bank's stock after selling 118,817 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Citizens Financial Group worth $18,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group in the fourth quarter worth about $47,000. Legacy Investment Solutions LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $51,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective 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. Raymond James reiterated a "strong-buy" rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Piper Sandler increased their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Morgan Stanley cut their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Citigroup decreased their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday. Nine investment 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.67.

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Citizens Financial Group Trading Down 0.7 %

Shares of CFG traded down $0.29 during midday trading on Wednesday, hitting $41.98. The stock had a trading volume of 3,087,028 shares, compared to its average volume of 4,518,320. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.35 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The business has a 50-day simple moving average of $45.01 and a two-hundred day simple moving average of $44.14.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The firm's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.

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.