New York State Common Retirement Fund Has $18.65 Million Holdings in Citizens Financial Group, Inc. $CFG

New York State Common Retirement Fund cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,743 shares of the bank’s stock after selling 9,400 shares during the period. New York State Common Retirement Fund owned 0.08% of Citizens Financial Group worth $18,645,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its position in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Citizens Financial Group by 93.4% in the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Citizens Financial Group by 1.5% during the second quarter. Janney Montgomery Scott LLC now owns 35,352 shares of the bank’s stock worth $1,582,000 after buying an additional 512 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.8%

Shares of CFG stock opened at $62.98 on Monday. The firm has a market capitalization of $27.05 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $65.88. The firm’s fifty day simple moving average is $59.04 and its 200 day simple moving average is $53.68. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.

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

Citizens Financial Group Dividend Announcement

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

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Citizens Financial Group from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Truist Financial boosted their target price on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. DA Davidson boosted their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Citigroup upped their price objective on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 26th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.55.

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.