Louisiana State Employees Retirement System Sells 1,500 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Louisiana State Employees Retirement System cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,700 shares of the bank’s stock after selling 1,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Citizens Financial Group were worth $1,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the fourth quarter valued at approximately $28,000. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Truist Financial increased their price target on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Up 0.8 %

Citizens Financial Group stock opened at $46.43 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 1-year low of $30.30 and a 1-year high of $49.25. The business has a fifty day moving average price of $45.75 and a 200-day moving average price of $43.75.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. Citizens Financial Group’s payout ratio is currently 55.45%.

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.