New York State Common Retirement Fund Sells 14,030 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

New York State Common Retirement Fund lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 579,072 shares of the bank’s stock after selling 14,030 shares during the period. New York State Common Retirement Fund’s holdings in Citizens Financial Group were worth $19,190,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CFG. Lindbrook Capital LLC grew its position in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after purchasing an additional 496 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $40,000. CVA Family Office LLC bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $40,000. Global Retirement Partners LLC grew its holdings in shares of Citizens Financial Group by 336.3% in the third quarter. Global Retirement Partners LLC now owns 1,693 shares of the bank’s stock valued at $43,000 after acquiring an additional 1,305 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Citizens Financial Group by 77.6% during the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after acquiring an additional 574 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the transaction, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $35.15 on Friday. The firm has a market capitalization of $16.11 billion, a P/E ratio of 12.74 and a beta of 1.38. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $33.68 and a 200-day moving average price of $30.98.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CFG shares. Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $41.00 in a research note on Friday. StockNews.com lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Financial Group lifted their price objective on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, Morgan Stanley lifted their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.13.

Citizens Financial Group Profile

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.