Teachers Retirement System of The State of Kentucky lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,347,000 shares of the bank’s stock after acquiring an additional 8,700 shares during the period. Citizens Financial Group makes up approximately 0.6% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 19th biggest position. Teachers Retirement System of The State of Kentucky owned approximately 0.27% of Citizens Financial Group worth $51,011,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CFG. Sun Life Financial INC grew its stake in shares of Citizens Financial Group by 41,266.7% in the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after buying an additional 3,714 shares during the period. Smithfield Trust Co. grew its stake in shares of Citizens Financial Group by 1.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after buying an additional 70 shares during the period. Lipe & Dalton acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $207,000. Colony Group LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $210,000. Finally, Courier Capital LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $214,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

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CFG has been the subject of several research reports. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet upgraded Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $40.00 target price on Citizens Financial Group and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Sanford C. Bernstein upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $38.00 to $43.00 in a research note on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Citizens Financial Group presently has an average rating of “Hold” and a consensus target price of $40.00.

Citizens Financial Group, Inc. (NYSE:CFG) opened at $37.83 on Friday. The stock has a market capitalization of $18,612.04, a PE ratio of 15.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group, Inc. has a 12 month low of $31.51 and a 12 month high of $39.75.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. equities research analysts expect that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.90%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 29.15%.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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