Teachers Retirement System of The State of Kentucky Buys 583,473 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 105.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,135,152 shares of the bank's stock after buying an additional 583,473 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.26% of Citizens Financial Group worth $46,621,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after buying an additional 5,579,313 shares during the last quarter. AQR Capital Management LLC grew its position in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. State Street Corp increased its holdings in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Citizens Financial Group by 3,234.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock valued at $39,669,000 after purchasing an additional 1,067,971 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after purchasing an additional 894,322 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFG has been the subject of several recent research reports. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.94.

Citizens Financial Group Stock Down 0.4 %

Shares of CFG stock traded down $0.17 on Wednesday, reaching $46.23. 6,473,160 shares of the company were exchanged, compared to its average volume of 5,176,799. 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 has a 50-day moving average of $44.39 and a 200-day moving average of $40.78. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.79 and a beta of 1.08. Citizens Financial Group, Inc. has a one year low of $29.23 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced 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 return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.63%. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

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.