California State Teachers Retirement System Buys 33,455 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

California State Teachers Retirement System raised its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 894,552 shares of the bank’s stock after buying an additional 33,455 shares during the quarter. California State Teachers Retirement System’s holdings in Citizens Financial Group were worth $32,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CFG. Interval Partners LP acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $9,300,000. Bayesian Capital Management LP acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $2,783,000. Ascent Group LLC raised its holdings in shares of Citizens Financial Group by 0.6% in the first quarter. Ascent Group LLC now owns 65,990 shares of the bank’s stock valued at $2,395,000 after purchasing an additional 408 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $119,000. Finally, 1832 Asset Management L.P. raised its holdings in shares of Citizens Financial Group by 13.0% in the first quarter. 1832 Asset Management L.P. now owns 63,758 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 7,339 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on 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 of the company’s stock, valued at approximately $1,454,401.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Trading Down 0.3 %

Citizens Financial Group stock traded down $0.11 during mid-day trading on Wednesday, hitting $42.67. 5,596,850 shares of the stock were exchanged, compared to its average volume of 5,531,286. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.54 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $36.87 and its two-hundred day simple moving average is $34.81.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company 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 business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their target price on shares of Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Morgan Stanley boosted their target price on shares of Citizens Financial Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lowered their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Argus boosted their target price on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, DA Davidson boosted their target price on shares of Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.60.

Citizens Financial Group Company 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.