Teachers Retirement System of The State of Kentucky Has $31.45 Million Stake in Citizens Financial Group, Inc. $CFG

Teachers Retirement System of The State of Kentucky increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,634 shares of the bank’s stock after buying an additional 43,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.14% of Citizens Financial Group worth $31,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its position in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares during the period. Capital A Wealth Management LLC raised its stake in Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares in the last quarter. State of Wyoming acquired a new position in Citizens Financial Group in the second quarter valued at about $39,000. Kestra Investment Management LLC lifted its position in Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Citizens Financial Group during the second quarter worth about $45,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of several recent analyst reports. Argus raised their target price on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Morgan Stanley lifted their price objective on shares of Citizens Financial Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial boosted their price objective on shares of Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Citigroup raised their target price on Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, TD Cowen boosted their price target on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $69.09.

Citizens Financial Group Trading Up 1.5%

NYSE CFG opened at $61.07 on Tuesday. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $68.79. The business’s fifty day moving average is $62.56 and its 200 day moving average is $56.12. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The company has a market cap of $25.95 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is presently 47.55%.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.