Teachers Retirement System of The State of Kentucky lessened its holdings in Citizens Financial Group Inc (NYSE:CFG) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,292,700 shares of the bank’s stock after selling 54,300 shares during the quarter. Citizens Financial Group accounts for 0.6% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 17th biggest position. Teachers Retirement System of The State of Kentucky owned 0.26% of Citizens Financial Group worth $54,268,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Cerebellum GP LLC bought a new stake in Citizens Financial Group in the 4th quarter worth $131,000. Valeo Financial Advisors LLC grew its holdings in Citizens Financial Group by 128.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock worth $132,000 after acquiring an additional 1,770 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Citizens Financial Group by 315.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after acquiring an additional 2,580 shares during the last quarter. HPM Partners LLC bought a new stake in Citizens Financial Group in the 4th quarter worth $201,000. Finally, James Hambro & Partners bought a new stake in Citizens Financial Group in the 4th quarter worth $207,000. Institutional investors own 97.14% of the company’s stock.
Shares of Citizens Financial Group Inc (NYSE CFG) opened at $46.26 on Monday. The firm has a market cap of $22,543.66, a PE ratio of 14.15, a PEG ratio of 0.77 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group Inc has a 52 week low of $31.51 and a 52 week high of $48.23.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.22 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. Citizens Financial Group’s payout ratio is presently 26.91%.
A number of brokerages have issued reports on CFG. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 price target on shares of Citizens Financial Group in a report on Sunday, January 21st. Barclays raised their price target on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $40.00 to $39.00 in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Citizens Financial Group currently has an average rating of “Hold” and an average price target of $42.36.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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