Vise Technologies Inc. Takes $767,000 Position in Citizens Financial Group, Inc. $CFG

Vise Technologies Inc. bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,145 shares of the bank’s stock, valued at approximately $767,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Investors Research Corp raised its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after acquiring an additional 500 shares during the period. Trust Co. of Vermont raised its stake in shares of Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares during the period. GoalVest Advisory LLC raised its stake in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after buying an additional 634 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CFG. UBS Group lifted their target price on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Truist Financial decreased their price target on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, October 17th. JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $48.50 to $52.00 in a report on Friday, August 1st. Citigroup boosted their price objective on shares of Citizens Financial Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Bank of America upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $56.57.

Citizens Financial Group Trading Down 1.9%

Citizens Financial Group stock opened at $51.67 on Friday. The stock has a 50-day simple moving average of $51.81 and a 200 day simple moving average of $47.23. The stock has a market capitalization of $22.19 billion, a P/E ratio of 14.47, a PEG ratio of 0.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $55.24.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $1.84 annualized dividend and a yield of 3.6%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s payout ratio is 51.54%.

About Citizens Financial Group

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.