California Public Employees Retirement System decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 868,454 shares of the bank’s stock after selling 63,082 shares during the quarter. California Public Employees Retirement System owned 0.19% of Citizens Financial Group worth $28,781,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its stake in Citizens Financial Group by 40.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after purchasing an additional 472 shares during the period. Lindbrook Capital LLC increased its stake in Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after purchasing an additional 496 shares during the period. Highlander Capital Management LLC increased its stake in Citizens Financial Group by 19.6% in the fourth quarter. Highlander Capital Management LLC now owns 3,056 shares of the bank’s stock worth $101,000 after purchasing an additional 500 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Citizens Financial Group by 4.5% during the third quarter. Coldstream Capital Management Inc. now owns 12,246 shares of the bank’s stock valued at $328,000 after buying an additional 523 shares during the period. Finally, FSC Wealth Advisors LLC increased its stake in shares of Citizens Financial Group by 22.0% during the third quarter. FSC Wealth Advisors LLC now owns 2,927 shares of the bank’s stock valued at $78,000 after buying an additional 527 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Insider Buying and Selling at Citizens Financial Group
In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now owns 43,885 shares in the company, valued at $1,471,902.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Citizens Financial Group Price Performance
Shares of NYSE CFG opened at $35.15 on Friday. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38. The business has a 50-day moving average of $33.68 and a 200-day moving average of $30.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.74 and a beta of 1.38.
Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.
Citizens Financial Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.
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.
Featured Articles
- Five stocks we like better than Citizens Financial Group
- What is a buyback in stocks? A comprehensive guide for investors
- MarketBeat Week in Review – 4/22 – 4/26
- How to Invest in Small Cap Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Use High Beta Stocks to Maximize Your Investing Profits
- How to Use Put Debit Spreads to Profit From Falling Stocks
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.