Citizens Financial Group, Inc. (NYSE:CFG) Holdings Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,807 shares of the bank’s stock after selling 424 shares during the period. Kentucky Retirement Systems’ holdings in Citizens Financial Group were worth $1,348,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. My Legacy Advisors LLC lifted its holdings in shares of Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group raised its position in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after buying an additional 233 shares during the period. SeaCrest Wealth Management LLC raised its position in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares during the period. Ballentine Partners LLC raised its position in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after buying an additional 247 shares during the period. Finally, Commerce Bank raised its position in Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after buying an additional 250 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $44.87 on Monday. The business has a 50 day moving average price of $45.79 and a 200 day moving average price of $44.01. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.81 and a beta of 1.10. 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 (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid 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 3.74%. Citizens Financial Group’s payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several recent analyst reports. 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 research report on Tuesday, January 21st. The Goldman Sachs Group upped their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial upped their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have issued 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 an average price target of $49.00.

Citizens Financial Group Company 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.