Retirement Systems of Alabama lessened its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,487 shares of the bank’s stock after selling 7,813 shares during the period. Retirement Systems of Alabama’s holdings in Citizens Financial Group were worth $8,466,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. First Mercantile Trust Co. acquired a new position in Citizens Financial Group in the second quarter valued at $102,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Citizens Financial Group by 8,430.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock valued at $110,000 after buying an additional 2,782 shares during the period. TRUE Private Wealth Advisors acquired a new position in Citizens Financial Group in the third quarter valued at $113,000. Qube Research & Technologies Ltd lifted its holdings in Citizens Financial Group by 120.2% in the second quarter. Qube Research & Technologies Ltd now owns 5,120 shares of the bank’s stock valued at $199,000 after buying an additional 2,795 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Citizens Financial Group by 1,477.3% in the second quarter. Advisors Asset Management Inc. now owns 84,021 shares of the bank’s stock valued at $202,000 after buying an additional 78,694 shares during the period. Institutional investors own 97.59% of the company’s stock.
Shares of NYSE CFG opened at $37.52 on Friday. Citizens Financial Group Inc has a 1-year low of $34.88 and a 1-year high of $48.23. The stock has a market cap of $17.71 billion, a PE ratio of 14.54, a P/E/G ratio of 0.69 and a beta of 1.25. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.79.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group Inc will post 3.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.88%. Citizens Financial Group’s dividend payout ratio is currently 41.86%.
Several research firms recently issued reports on CFG. ValuEngine upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Macquarie upgraded shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a report on Monday, October 22nd. BMO Capital Markets dropped their price objective on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Finally, Bank of America upgraded shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.09.
In other Citizens Financial Group news, Director Charles John Koch bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The stock was bought at an average cost of $36.32 per share, with a total value of $508,480.00. Following the completion of the transaction, the director now directly owns 49,937 shares in the company, valued at approximately $1,813,711.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
Featured Article: Marijuana 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).
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.