New York State Common Retirement Fund Has $14.45 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

New York State Common Retirement Fund grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,733 shares of the bank's stock after purchasing an additional 25,274 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Citizens Financial Group worth $14,451,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital World Investors boosted its position in Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after acquiring an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC boosted its position in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP boosted its position in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after acquiring an additional 1,672,204 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Citizens Financial Group by 6.4% during the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after acquiring an additional 374,850 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.4%

CFG stock traded down $0.21 during trading hours on Friday, hitting $48.61. The company's stock had a trading volume of 9,470,067 shares, compared to its average volume of 4,842,718. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $21.25 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 0.83 and a beta of 0.76. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.68. The stock has a 50 day moving average price of $43.05 and a two-hundred day moving average price of $42.42.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2.01 billion. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. Citizens Financial Group's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group announced that its board has authorized a stock buyback program on Friday, June 13th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the bank to buy up to 8.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, July 31st. Citizens Financial Group's dividend payout ratio is 51.06%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CFG shares. Barclays lifted their price target on shares of Citizens Financial Group from $49.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Friday. UBS Group lifted their price target on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group cut their target price on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler dropped their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

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.