Texas Permanent School Fund cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 6.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 159,979 shares of the company’s stock after selling 11,645 shares during the period. Texas Permanent School Fund’s holdings in Citizens Financial Group were worth $3,953,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock valued at $105,000 after buying an additional 4,729 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Citizens Financial Group during the second quarter valued at $110,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Citizens Financial Group during the second quarter valued at $142,000. Advisor Group Inc. acquired a new position in shares of Citizens Financial Group during the second quarter valued at $166,000. Finally, Conning Inc. acquired a new position in shares of Citizens Financial Group during the second quarter valued at $205,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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

Shares of Citizens Financial Group, Inc. (NYSE:CFG) opened at 36.29 on Friday. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 19.72 and a beta of 1.37. Citizens Financial Group, Inc. has a one year low of $18.04 and a one year high of $37.08. The firm’s 50-day moving average is $35.18 and its 200-day moving average is $27.07.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 21st. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. Citizens Financial Group’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post $1.93 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was first published by Watch List News and is the propert of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The original version of this piece of content can be read at http://www.watchlistnews.com/texas-permanent-school-fund-sells-11645-shares-of-citizens-financial-group-inc-cfg/1061412.html.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, September 23rd. Citigroup Inc. cut shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 15th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 1st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Citizens Financial Group in a research note on Tuesday, November 15th. Finally, Barclays PLC increased their price objective on shares of Citizens Financial Group from $27.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.50.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG).

Receive News & Ratings for Citizens Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.