NEOS Investment Management LLC Buys 19,502 Shares of Citizens Financial Group, Inc. $CFG

NEOS Investment Management LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 46.8% during the third quarter, Holdings Channel.com reports. The fund owned 61,147 shares of the bank’s stock after purchasing an additional 19,502 shares during the quarter. NEOS Investment Management LLC’s holdings in Citizens Financial Group were worth $3,251,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GoalVest Advisory LLC increased its holdings in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the period. True Wealth Design LLC grew its stake in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its stake in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares in the last quarter. State of Wyoming acquired a new stake in shares of Citizens Financial Group during the second quarter worth $39,000. Finally, Kestra Investment Management LLC grew its holdings in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Down 0.7%

NYSE CFG opened at $64.57 on Friday. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.79. The stock has a market capitalization of $27.44 billion, a P/E ratio of 16.68, a PEG ratio of 0.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. The firm’s 50-day moving average is $62.03 and its two-hundred day moving average is $55.28.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 annualized dividend and a dividend yield of 2.8%. Citizens Financial Group’s payout ratio is presently 47.55%.

Analysts Set New Price Targets

Several brokerages have weighed in on CFG. The Goldman Sachs Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Robert W. Baird restated a “neutral” rating and issued a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, December 11th. DA Davidson increased their target price on Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, New Street Research set a $73.00 target price on Citizens Financial Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.77.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.