New York State Teachers Retirement System Acquires 32,428 Shares of Citizens Financial Group, Inc. $CFG

New York State Teachers Retirement System grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,918 shares of the bank’s stock after acquiring an additional 32,428 shares during the quarter. New York State Teachers Retirement System’s holdings in Citizens Financial Group were worth $23,623,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CFG. University of Texas Texas AM Investment Management Co. bought a new position in shares of Citizens Financial Group during the 4th quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Citizens Financial Group in the fourth quarter worth $29,000. Activest Wealth Management lifted its stake in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the last quarter. DV Equities LLC purchased a new stake in Citizens Financial Group during the fourth quarter valued at about $35,000. Finally, Fortitude Family Office LLC boosted its position in Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after buying an additional 613 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $70.97 on Friday. The company’s fifty day simple moving average is $65.12 and its two-hundred day simple moving average is $62.76. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $72.46. The firm has a market cap of $30.01 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.56 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, equities analysts expect that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is currently 43.50%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CFG. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Citizens Financial Group in a research note on Tuesday, June 9th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley increased their target price on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Evercore restated an “outperform” rating and set a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Finally, DA Davidson lifted their price target on Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.38.

Insider Buying and Selling

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is owned by insiders.

Citizens Financial Group Profile

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.