Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,916 shares of the bank’s stock after acquiring an additional 8,128 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Citizens Financial Group were worth $5,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in Citizens Financial Group during the 2nd quarter worth $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares during the period. Finally, Private Ocean LLC raised its stake in Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CFG. The Goldman Sachs Group upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, July 18th. UBS Group raised their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Barclays upped their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $46.48 on Tuesday. Citizens Financial Group, Inc. has a twelve month low of $24.73 and a twelve month high of $48.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $41.73 and a two-hundred day moving average of $39.04. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.75 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

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.