Teachers Retirement System of The State of Kentucky Buys 43,000 Shares of Citizens Financial Group, Inc. $CFG

by · The Cerbat Gem

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 591,634 shares of the bank’s stock after buying an additional 43,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Citizens Financial Group were worth $31,451,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC raised its position in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its position in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares during the period. State of Wyoming acquired a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $39,000. Kestra Investment Management LLC raised its holdings in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of Citizens Financial Group by 3,569.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock worth $51,000 after purchasing an additional 928 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFG. Robert W. Baird reissued a “neutral” rating and set a $60.00 target price on shares of Citizens Financial Group in a research note on Thursday, December 11th. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Morgan Stanley boosted their price objective on Citizens Financial Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial raised their target price on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, TD Cowen lifted their target price on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $69.09.

Check Out Our Latest Analysis on CFG

Citizens Financial Group Price Performance

Shares of CFG opened at $61.07 on Tuesday. The business’s fifty day moving average is $62.56 and its 200 day moving average is $56.12. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market cap of $25.95 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is currently 47.55%.

About Citizens Financial Group

(Free Report)

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

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