State of Wisconsin Investment Board Has $45.57 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

State of Wisconsin Investment Board cut its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 25.3% during the first quarter, Holdings Channel.com reports. The firm owned 1,032,237 shares of the bank’s stock after selling 349,263 shares during the quarter. State of Wisconsin Investment Board’s holdings in Citizens Financial Group were worth $45,573,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in shares of Citizens Financial Group by 7.9% in the first quarter. Signaturefd LLC now owns 3,320 shares of the bank’s stock valued at $147,000 after buying an additional 242 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Citizens Financial Group by 9.7% in the first quarter. Parallel Advisors LLC now owns 2,976 shares of the bank’s stock valued at $131,000 after buying an additional 262 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Citizens Financial Group by 1.4% in the first quarter. Advisors Asset Management Inc. now owns 18,938 shares of the bank’s stock valued at $836,000 after buying an additional 265 shares in the last quarter. Huntington National Bank grew its stake in shares of Citizens Financial Group by 29.2% in the first quarter. Huntington National Bank now owns 1,402 shares of the bank’s stock valued at $62,000 after buying an additional 317 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in shares of Citizens Financial Group by 6.6% in the first quarter. HighPoint Advisor Group LLC now owns 5,287 shares of the bank’s stock valued at $240,000 after buying an additional 329 shares in the last quarter. 91.75% of the stock is owned by institutional investors and hedge funds.

CFG has been the subject of several analyst reports. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Wednesday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of Citizens Financial Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, May 3rd. Compass Point lifted their price objective on shares of Citizens Financial Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, May 18th. Argus lifted their price objective on shares of Citizens Financial Group from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Finally, Citigroup assumed coverage on shares of Citizens Financial Group in a research report on Friday, July 16th. They set a “hold” rating and a $43.65 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.73.

CFG stock opened at $44.00 on Thursday. The firm has a market capitalization of $18.74 billion, a P/E ratio of 9.82, a PEG ratio of 0.23 and a beta of 1.78. The company has a 50-day moving average of $47.12. Citizens Financial Group, Inc. has a 52 week low of $23.46 and a 52 week high of $51.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.91.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Monday, July 19th. The bank reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.33. Citizens Financial Group had a return on equity of 10.11% and a net margin of 28.12%. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 4.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 13th. Investors of record on Friday, July 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, July 29th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 64.73%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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