Public Employees Retirement System of Ohio Trims Holdings in Citizens Financial Group, Inc. $CFG

Public Employees Retirement System of Ohio reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,577 shares of the bank’s stock after selling 23,924 shares during the period. Public Employees Retirement System of Ohio’s holdings in Citizens Financial Group were worth $13,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in Citizens Financial Group in the 1st quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $29,000. Activest Wealth Management raised its holdings in Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after acquiring an additional 504 shares during the last quarter. Finally, DV Equities LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at $35,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $71.80 on Monday. The business has a 50-day moving average of $67.48 and a two-hundred day moving average of $64.07. The firm has a market capitalization of $30.36 billion, a PE ratio of 15.58, a P/E/G ratio of 0.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 12 month low of $45.90 and a 12 month high of $74.70.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted $0.92 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $0.46 dividend. The ex-dividend date is Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Barclays increased their target price on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Cantor Fitzgerald lifted their price target on Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Stephens lifted their price target on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, Morgan Stanley increased their price objective on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.55.

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.