Public Employees Retirement Association of Colorado Sells 1,232 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,046 shares of the bank’s stock after selling 1,232 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Citizens Financial Group were worth $1,587,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC boosted its position in shares of Citizens Financial Group by 12.5% during the 4th quarter. Corient Private Wealth LLC now owns 70,115 shares of the bank’s stock worth $2,324,000 after purchasing an additional 7,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Citizens Financial Group by 0.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 130,675 shares of the bank’s stock valued at $4,331,000 after acquiring an additional 745 shares during the period. US Bancorp DE increased its holdings in shares of Citizens Financial Group by 5.9% during the fourth quarter. US Bancorp DE now owns 32,329 shares of the bank’s stock valued at $1,071,000 after acquiring an additional 1,815 shares in the last quarter. Commerce Bank raised its position in shares of Citizens Financial Group by 6.6% during the fourth quarter. Commerce Bank now owns 14,751 shares of the bank’s stock worth $489,000 after purchasing an additional 913 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Citizens Financial Group by 96.3% in the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after purchasing an additional 1,212,642 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of several research reports. Stephens upped their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Piper Sandler raised their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Raymond James assumed coverage on Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating on the stock. Finally, Royal Bank of Canada upped their price target on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and a consensus price target of $42.20.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.04 on Tuesday. The business’s 50 day simple moving average is $41.17 and its 200 day simple moving average is $37.21. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $43.96. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.42 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

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

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.09%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were 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 in the company, valued at approximately $1,454,401.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group 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.