Trade Report: Today, Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 21,359 Citizens Financial Group Inc. (CFG)

Today, Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 21,359 Citizens Financial Group Inc. (CFG)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Citizens Financial Group Inc. (NYSE:CFG) during the second quarter, Holdings Channel reports. The fund bought 21,359 shares of the company’s stock, valued at approximately $427,000.

Several other hedge funds have also bought and sold shares of CFG. Emerald Acquisition Ltd. acquired a new stake in Citizens Financial Group during the second quarter valued at about $59,043,000. BlackRock Institutional Trust Company N.A. boosted its stake in Citizens Financial Group by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,401,683 shares of the company’s stock valued at $327,706,000 after buying an additional 2,845,134 shares during the last quarter. Bank of Montreal Can acquired a new stake in Citizens Financial Group during the second quarter valued at about $54,724,000. JPMorgan Chase & Co. boosted its stake in Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock valued at $434,694,000 after buying an additional 2,594,312 shares during the last quarter. Finally, RidgeWorth Capital Management LLC acquired a new stake in Citizens Financial Group during the second quarter valued at about $44,291,000. 96.20% of the stock is currently owned by institutional investors.

Shares of Citizens Financial Group Inc. (NYSE:CFG) traded up 0.19% during trading on Friday, reaching $32.46. 1,506,994 shares of the company were exchanged. The company’s 50-day moving average is $27.67 and its 200 day moving average is $23.98. The firm has a market capitalization of $16.82 billion, a PE ratio of 17.64 and a beta of 1.10. Citizens Financial Group Inc. has a 1-year low of $18.04 and a 1-year high of $32.63.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts expect that Citizens Financial Group Inc. will post $1.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.48%. Citizens Financial Group’s dividend payout ratio is currently 25.95%.

CFG has been the topic of several recent analyst reports. Sanford C. Bernstein cut Citizens Financial Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $29.00 to $32.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Wedbush assumed coverage on Citizens Financial Group in a research report on Thursday, October 6th. They set an “outperform” rating and a $29.00 price objective on the stock. Citigroup Inc. cut Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 15th. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. Finally, Credit Suisse Group AG lifted their price objective on Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.21.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

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