Citizens Financial Group Inc (CFG) Stake Decreased by Strs Ohio

Strs Ohio trimmed its holdings in Citizens Financial Group Inc (NYSE:CFG) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 760,479 shares of the bank’s stock after selling 146,462 shares during the quarter. Strs Ohio owned approximately 0.17% of Citizens Financial Group worth $24,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brookmont Capital Management raised its holdings in shares of Citizens Financial Group by 13.2% in the fourth quarter. Brookmont Capital Management now owns 6,796 shares of the bank’s stock worth $202,000 after buying an additional 791 shares during the period. Hotaling Investment Management LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $1,997,000. Morgan Stanley increased its holdings in Citizens Financial Group by 28.6% during the 3rd quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock worth $112,917,000 after purchasing an additional 650,344 shares during the period. Seacliff Capital LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $5,946,000. Finally, Advisor Partners LLC increased its holdings in Citizens Financial Group by 68.0% during the 4th quarter. Advisor Partners LLC now owns 10,810 shares of the bank’s stock worth $321,000 after purchasing an additional 4,374 shares during the period. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Shares of NYSE CFG opened at $35.36 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.13 and a beta of 1.41. Citizens Financial Group Inc has a 12-month low of $27.62 and a 12-month high of $43.51.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same quarter last year, the firm earned $0.78 EPS. As a group, equities research analysts expect that Citizens Financial Group Inc will post 3.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.28 annualized dividend and a yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 35.96%.

Several research analysts have commented on CFG shares. ValuEngine upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday. Barclays reduced their price objective on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and reduced their price objective for the stock from $44.00 to $40.00 in a report on Monday, January 7th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, February 11th. Finally, Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Citizens Financial Group presently has an average rating of “Buy” and a consensus 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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