Nisa Investment Advisors LLC raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,662 shares of the bank’s stock after purchasing an additional 2,950 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Citizens Financial Group were worth $2,742,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after acquiring an additional 5,579,313 shares during the period. State Street Corp increased its holdings in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Citizens Financial Group by 85.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock valued at $83,933,000 after purchasing an additional 942,662 shares during the period. Bank of Montreal Can boosted its holdings in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Citizens Financial Group by 124.8% during the third quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank’s stock valued at $62,063,000 after buying an additional 838,917 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on CFG. Evercore ISI lowered their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Stephens reissued an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 21st. DA Davidson increased their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Citigroup increased their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $49.00.
Citizens Financial Group Stock Up 0.2 %
NYSE CFG opened at $47.44 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The business’s fifty day simple moving average is $45.74 and its 200-day simple moving average is $43.02. The firm has a market cap of $20.91 billion, a PE ratio of 15.66, a P/E/G ratio of 0.82 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.
Citizens Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.
Citizens Financial Group Profile
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.
Read More
- Five stocks we like better than Citizens Financial Group
- How to Choose Top Rated Stocks
- Bloom Energy: Powering the Future With Decentralized Energy
- What Are Dividend Champions? How to Invest in the Champions
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- EV Stocks and How to Profit from Them
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.