California State Teachers Retirement System Has $28.54 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

California State Teachers Retirement System boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861,097 shares of the bank’s stock after buying an additional 51,418 shares during the period. California State Teachers Retirement System owned about 0.18% of Citizens Financial Group worth $28,537,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in Citizens Financial Group during the fourth quarter worth $33,000. CVA Family Office LLC acquired a new position in Citizens Financial Group during the 4th quarter worth about $40,000. Blue Trust Inc. raised its holdings in Citizens Financial Group by 77.6% during the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after purchasing an additional 574 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Citizens Financial Group by 40.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after purchasing an additional 472 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Citizens Financial Group by 904.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,139 shares of the bank’s stock worth $71,000 after purchasing an additional 1,926 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the transaction, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $34.11 on Thursday. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.35 and a beta of 1.10. The firm’s fifty day moving average is $35.00 and its 200 day moving average is $32.98. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $37.30.

Citizens Financial Group (NYSE:CFGGet Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.15 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Tuesday, April 30th. Citizens Financial Group’s payout ratio is currently 60.87%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup increased their target price on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Morgan Stanley increased their price objective on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Evercore ISI raised their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Wedbush reduced their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Jefferies Financial Group lifted their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.73.

View Our Latest Stock Analysis on Citizens Financial Group

Citizens Financial Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Citizens Financial Group (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.