Retirement Systems of Alabama Decreases Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Retirement Systems of Alabama lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 97,439 shares of the bank’s stock after selling 2,934 shares during the period. Retirement Systems of Alabama’s holdings in Citizens Financial Group were worth $4,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter worth about $28,000. Innealta Capital LLC purchased a new position in Citizens Financial Group in the second quarter valued at about $25,000. Finally, Private Ocean LLC grew its position in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after acquiring an additional 838 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the topic of a number of research reports. Evercore ISI lowered their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $47.41.

Citizens Financial Group Trading Down 0.5 %

Shares of CFG stock opened at $42.45 on Friday. The company has a market capitalization of $18.71 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. The business’s fifty day moving average is $44.92 and its 200 day moving average is $41.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

About Citizens Financial Group

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.