Teacher Retirement System of Texas Sells 268,174 Shares of Citizens Financial Group, Inc. $CFG

Teacher Retirement System of Texas cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 71.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 105,961 shares of the bank’s stock after selling 268,174 shares during the quarter. Teacher Retirement System of Texas’ holdings in Citizens Financial Group were worth $5,633,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CFG. True Wealth Design LLC raised its stake in Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares during the last quarter. REAP Financial Group LLC lifted its holdings in Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares during the last quarter. Finally, Capital A Wealth Management LLC boosted its position in Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.2%

NYSE CFG opened at $62.54 on Tuesday. The stock has a market capitalization of $26.86 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $65.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a fifty day moving average of $58.08 and a 200-day moving average of $53.23.

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, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of research analyst reports. Argus lifted their target price on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Citizens Financial Group in a research report on Monday, December 29th. Evercore ISI reissued an “outperform” rating and issued a $69.00 price objective on shares of Citizens Financial Group in a research note on Tuesday, January 6th. New Street Research set a $73.00 target price on Citizens Financial Group in a research note on Thursday. Finally, TD Cowen lifted their price target on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $67.55.

Citizens Financial Group Company 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.