Nisa Investment Advisors LLC Boosts Holdings in Citizens Financial Group, Inc. $CFG

Nisa Investment Advisors LLC lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 51.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,696 shares of the bank’s stock after purchasing an additional 41,932 shares during the period. Nisa Investment Advisors LLC’s holdings in Citizens Financial Group were worth $7,225,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its holdings in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares in the last quarter. Capital A Wealth Management LLC grew its stake in shares of Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares in the last quarter. State of Wyoming acquired a new position in shares of Citizens Financial Group in the second quarter worth $39,000. Kestra Investment Management LLC increased its position 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 worth $41,000 after acquiring an additional 892 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Citizens Financial Group during the second quarter worth $45,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. DA Davidson lifted their target price on Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a report on Tuesday, January 6th. Morgan Stanley reduced their price target on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday. Bank of America lifted their price objective on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Raymond James Financial downgraded Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Twenty research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.27.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $60.59 on Thursday. The firm has a market capitalization of $25.75 billion, a P/E ratio of 15.66, a P/E/G ratio of 0.49 and a beta of 0.70. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $61.66 and its two-hundred day moving average is $57.20.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping 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 the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s payout ratio is 47.55%.

Insider Activity

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Profile

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.