Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 23.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,176 shares of the bank’s stock after selling 22,174 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Citizens Financial Group were worth $2,673,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CFG. Choreo LLC acquired a new position in Citizens Financial Group during the 2nd quarter valued at approximately $369,000. Quest Partners LLC boosted its position in Citizens Financial Group by 591.5% during the 2nd quarter. Quest Partners LLC now owns 108,038 shares of the bank’s stock valued at $3,893,000 after purchasing an additional 92,414 shares during the period. LSV Asset Management boosted its position in Citizens Financial Group by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after purchasing an additional 113,300 shares during the period. Triasima Portfolio Management inc. boosted its position in Citizens Financial Group by 57.7% during the 2nd quarter. Triasima Portfolio Management inc. now owns 9,348 shares of the bank’s stock valued at $337,000 after purchasing an additional 3,420 shares during the period. Finally, Ballentine Partners LLC boosted its position in Citizens Financial Group by 13.3% during the 2nd quarter. Ballentine Partners LLC now owns 6,473 shares of the bank’s stock valued at $233,000 after purchasing an additional 758 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CFG shares. Morgan Stanley boosted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Jefferies Financial Group boosted their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. DA Davidson boosted their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Raymond James began coverage on Citizens Financial Group in a research report on Thursday, July 11th. They set a “market perform” rating for the company. Finally, Stephens boosted their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.20.

Citizens Financial Group Stock Up 1.3 %

CFG opened at $40.60 on Tuesday. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s fifty day moving average is $40.81 and its 200-day moving average is $36.92. The company has a market capitalization of $18.20 billion, a PE ratio of 14.71, a P/E/G ratio of 1.42 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the sale, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

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.