Arizona State Retirement System boosted its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 363,057 shares of the bank’s stock after buying an additional 18,028 shares during the period. Arizona State Retirement System owned 0.07% of Citizens Financial Group worth $15,241,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Intrust Bank NA increased its position in Citizens Financial Group by 17.6% during the fourth quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock worth $450,000 after buying an additional 1,604 shares during the period. Global X Management Co. LLC increased its position in Citizens Financial Group by 98.9% during the fourth quarter. Global X Management Co. LLC now owns 41,861 shares of the bank’s stock worth $1,757,000 after buying an additional 20,819 shares during the period. Global Financial Private Capital LLC increased its position in Citizens Financial Group by 16.2% during the fourth quarter. Global Financial Private Capital LLC now owns 76,484 shares of the bank’s stock worth $3,211,000 after buying an additional 10,654 shares during the period. Toronto Dominion Bank increased its position in Citizens Financial Group by 11.6% during the fourth quarter. Toronto Dominion Bank now owns 214,640 shares of the bank’s stock worth $9,010,000 after buying an additional 22,276 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Citizens Financial Group by 0.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,316,459 shares of the bank’s stock worth $139,225,000 after buying an additional 17,735 shares during the period. 98.33% of the stock is currently owned by institutional investors.
In related news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.
CFG has been the topic of a number of recent research reports. Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Barclays boosted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a report on Sunday, January 21st. Finally, BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.36.
Citizens Financial Group Inc (NYSE:CFG) opened at $45.85 on Thursday. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23. The firm has a market capitalization of $21,839.50, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.74 and a beta of 1.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. Citizens Financial Group’s quarterly revenue was up 8.9% on a year-over-year basis. analysts expect that Citizens Financial Group Inc will post 3.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, January 31st. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s dividend payout ratio is currently 26.91%.
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About Citizens Financial Group
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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