Retirement Systems of Alabama cut its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 238,426 shares of the bank’s stock after selling 4,478 shares during the quarter. Retirement Systems of Alabama’s holdings in Citizens Financial Group were worth $10,009,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at $131,000. Lipe & Dalton acquired a new position in shares of Citizens Financial Group in the third quarter valued at $207,000. Loeb Partners Corp acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at $210,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at $216,000. Finally, Advisor Partners LLC acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at $247,000. Institutional investors own 97.50% of the company’s stock.
Citizens Financial Group Inc (NYSE CFG) opened at $45.93 on Monday. The stock has a market capitalization of $22,597.16, a PE ratio of 17.46, a P/E/G ratio of 0.76 and a beta of 1.39. Citizens Financial Group Inc has a 1-year low of $31.51 and a 1-year high of $48.23. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. equities analysts forecast that Citizens Financial Group Inc will post 3.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.22 dividend. This is a boost 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 annualized dividend and a yield of 1.92%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 26.91%.
In related news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.
A number of research analysts recently commented on CFG shares. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a research note on Sunday, January 21st. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Morgan Stanley upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Barclays upped their target price on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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