Teacher Retirement System of Texas Has $5.63 Million Stake in Citizens Financial Group, Inc. $CFG

Teacher Retirement System of Texas lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 71.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,961 shares of the bank’s stock after selling 268,174 shares during the period. Teacher Retirement System of Texas’ holdings in Citizens Financial Group were worth $5,633,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CFG. Trust Co. of Vermont lifted its holdings in Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares during the period. True Wealth Design LLC lifted its stake in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares during the last quarter. REAP Financial Group LLC boosted its holdings in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after buying an additional 309 shares during the period. Finally, Capital A Wealth Management LLC grew its stake in Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.2%

Citizens Financial Group stock opened at $62.54 on Tuesday. The business has a 50 day moving average price of $58.08 and a two-hundred day moving average price of $53.23. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $65.88. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.Citizens Financial Group’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analyst Ratings Changes

A number of research firms have weighed in on CFG. New Street Research set a $73.00 target price on shares of Citizens Financial Group in a research report on Thursday. TD Cowen boosted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Argus increased their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $67.55.

Citizens Financial Group Profile

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.