California Public Employees Retirement System Has $30.86 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

California Public Employees Retirement System reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 705,313 shares of the bank’s stock after selling 78,093 shares during the period. California Public Employees Retirement System owned about 0.16% of Citizens Financial Group worth $30,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CFG. D.A. Davidson & CO. bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $209,000. CreativeOne Wealth LLC bought a new stake in Citizens Financial Group in the third quarter valued at $227,000. Public Sector Pension Investment Board raised its stake in Citizens Financial Group by 1.7% during the third quarter. Public Sector Pension Investment Board now owns 78,414 shares of the bank’s stock worth $3,220,000 after acquiring an additional 1,300 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Citizens Financial Group by 6.0% during the third quarter. Captrust Financial Advisors now owns 102,579 shares of the bank’s stock valued at $4,213,000 after acquiring an additional 5,842 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $2,107,000. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CFG. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Barclays boosted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

Citizens Financial Group Stock Up 2.6 %

Shares of Citizens Financial Group stock opened at $41.66 on Thursday. The business has a fifty day simple moving average of $44.26 and a 200 day simple moving average of $44.15. The stock has a market cap of $18.21 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted $0.85 EPS. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.03%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.