Public Employees Retirement System of Ohio Has $9.82 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Public Employees Retirement System of Ohio cut its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,291 shares of the bank's stock after selling 9,681 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.05% of Citizens Financial Group worth $9,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group in the fourth quarter worth approximately $28,000. Colonial Trust Co SC increased its holdings in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after buying an additional 774 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Citizens Financial Group in the fourth quarter valued at $47,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at $51,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.2%

NYSE CFG traded up $0.07 during trading on Friday, reaching $40.33. The company's stock had a trading volume of 7,319,253 shares, compared to its average volume of 4,829,262. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $17.63 billion, a PE ratio of 13.31, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. The business has a 50-day moving average price of $38.32 and a 200-day moving average price of $42.83.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.17%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Barclays dropped their price target on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. DA Davidson decreased their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Raymond James reissued a "strong-buy" rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.89.

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.