Citizens Financial Group, Inc. (NYSE:CFG) Holdings Decreased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,103 shares of the bank’s stock after selling 790 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Citizens Financial Group were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth approximately $117,372,000. Capital International Investors boosted its stake in shares of Citizens Financial Group by 4.4% during the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock valued at $1,332,185,000 after buying an additional 1,552,333 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Citizens Financial Group by 96.3% during the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after acquiring an additional 1,212,642 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Citizens Financial Group by 130.0% in the fourth quarter. Franklin Resources Inc. now owns 1,955,230 shares of the bank’s stock worth $64,796,000 after acquiring an additional 1,105,011 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Citizens Financial Group by 3,234.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock worth $39,669,000 after acquiring an additional 1,067,971 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 2.2 %

Citizens Financial Group stock opened at $40.69 on Friday. The business’s 50-day simple moving average is $40.28 and its 200-day simple moving average is $36.49. Citizens Financial Group, Inc. has a 52 week low of $22.77 and a 52 week high of $43.96. The firm has a market capitalization of $18.51 billion, a PE ratio of 14.74, a PEG ratio of 1.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.13%. Citizens Financial Group’s dividend payout ratio is 60.87%.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CFG shares. Evercore ISI upped their target price on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. The Goldman Sachs Group increased their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. UBS Group lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley increased their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, DA Davidson lifted their price objective on shares of Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.20.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.