Kentucky Retirement Systems Invests $605,000 in Citizens Financial Group Inc (NYSE:CFG) Stock

Kentucky Retirement Systems purchased a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,353 shares of the bank’s stock, valued at approximately $605,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock worth $655,180,000 after acquiring an additional 2,189,838 shares in the last quarter. LSV Asset Management lifted its stake in shares of Citizens Financial Group by 9.0% during the 4th quarter. LSV Asset Management now owns 9,171,729 shares of the bank’s stock worth $272,675,000 after purchasing an additional 759,769 shares during the period. Geode Capital Management LLC lifted its stake in shares of Citizens Financial Group by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 6,302,325 shares of the bank’s stock worth $187,048,000 after purchasing an additional 398,877 shares during the period. Northern Trust Corp lifted its stake in shares of Citizens Financial Group by 0.5% during the 4th quarter. Northern Trust Corp now owns 5,679,565 shares of the bank’s stock worth $168,853,000 after purchasing an additional 25,554 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Citizens Financial Group by 6.8% during the 4th quarter. Bank of Montreal Can now owns 5,671,400 shares of the bank’s stock worth $168,610,000 after purchasing an additional 359,278 shares during the period. 97.81% of the stock is owned by institutional investors.

Shares of Citizens Financial Group stock opened at $34.45 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.98. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $43.51. The stock has a market cap of $15.96 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.10 and a beta of 1.41.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Citizens Financial Group Inc will post 3.87 EPS for the current fiscal year.

CFG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, March 25th. ValuEngine downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Finally, Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and dropped their price objective for the stock from $44.00 to $40.00 in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.60.

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Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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