Retirement Systems of Alabama Has $9.20 Million Position in Citizens Financial Group Inc (CFG)

Retirement Systems of Alabama reduced its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,904 shares of the bank’s stock after selling 2,696 shares during the period. Retirement Systems of Alabama’s holdings in Citizens Financial Group were worth $9,199,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CFG. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Citizens Financial Group in the 3rd quarter worth approximately $3,233,000. Lipe & Dalton purchased a new position in Citizens Financial Group in the 3rd quarter worth approximately $207,000. Global X MANAGEMENT CO LLC lifted its holdings in Citizens Financial Group by 11.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 21,042 shares of the bank’s stock worth $797,000 after purchasing an additional 2,084 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Citizens Financial Group by 1.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 240,504 shares of the bank’s stock worth $9,108,000 after purchasing an additional 3,841 shares in the last quarter. Finally, Boston Partners increased its stake in Citizens Financial Group by 90.2% in the 3rd quarter. Boston Partners now owns 774,315 shares of the bank’s stock worth $29,323,000 after acquiring an additional 367,306 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on CFG shares. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Keefe, Bruyette & Woods set a $40.00 price objective on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, September 12th. Barclays lifted their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank reissued a “hold” rating and set a $36.00 target price (up previously from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.23.

Shares of Citizens Financial Group Inc (CFG) traded up $1.16 during trading on Monday, reaching $41.85. The company’s stock had a trading volume of 6,494,481 shares, compared to its average volume of 4,743,100. The company has a market cap of $20,019.13, a P/E ratio of 16.47, a PEG ratio of 1.04 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $42.52.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $0.52 EPS. Citizens Financial Group’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts anticipate that Citizens Financial Group Inc will post 2.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is 29.15%.

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Citizens Financial Group 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.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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