Texas Permanent School Fund Corp Has $2.67 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Texas Permanent School Fund Corp trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 23.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 74,176 shares of the bank’s stock after selling 22,174 shares during the period. Texas Permanent School Fund Corp’s holdings in Citizens Financial Group were worth $2,673,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Citizens Financial Group by 35.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after buying an additional 20,649 shares during the period. Canada Pension Plan Investment Board grew its stake in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after purchasing an additional 383,947 shares in the last quarter. Hsbc Holdings PLC grew its stake in Citizens Financial Group by 96.3% in the fourth quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after purchasing an additional 1,212,642 shares in the last quarter. Duality Advisers LP purchased a new position in Citizens Financial Group in the first quarter valued at about $1,180,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Citizens Financial Group during the 4th quarter worth about $5,965,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CFG. Evercore ISI upped their price target on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. DA Davidson upped their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group upped their price target on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Raymond James started coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.20.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $40.60 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The firm’s 50-day simple moving average is $40.81 and its 200-day simple moving average is $36.92. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The firm has a market cap of $18.20 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. Citizens Financial Group’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.14%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

About Citizens Financial Group

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.