Maryland State Retirement & Pension System Has $1.04 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Maryland State Retirement & Pension System lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,859 shares of the bank’s stock after selling 2,206 shares during the period. Maryland State Retirement & Pension System’s holdings in Citizens Financial Group were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in Citizens Financial Group by 8.4% during the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank’s stock valued at $307,000 after purchasing an additional 579 shares during the period. Prospera Financial Services Inc bought a new position in shares of Citizens Financial Group during the third quarter worth $227,000. Commerce Bank grew its holdings in shares of Citizens Financial Group by 1.9% in the 3rd 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. Moors & Cabot Inc. bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $213,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Citizens Financial Group by 97.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 158,222 shares of the bank’s stock worth $6,498,000 after buying an additional 78,245 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on CFG shares. Truist Financial lowered their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley lowered their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Stephens restated an “overweight” rating and set a $53.00 price objective 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Trading Up 0.5 %

NYSE CFG opened at $41.19 on Monday. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $45.12 and a 200-day moving average of $44.12. The company has a market cap of $18.00 billion, a PE ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06.

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. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.