Nisa Investment Advisors LLC Grows Position in Citizens Financial Group, Inc. $CFG

Nisa Investment Advisors LLC boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 51.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 123,696 shares of the bank’s stock after acquiring an additional 41,932 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Citizens Financial Group were worth $7,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. True Wealth Design LLC grew its position 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 holdings in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after acquiring an additional 794 shares during the period. State of Wyoming purchased a new stake in Citizens Financial Group in the 2nd quarter valued at $39,000. Kestra Investment Management LLC boosted its stake in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Citizens Financial Group during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

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

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

Citizens Financial Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on CFG shares. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $75.00 target price on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Argus upped their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Barclays set a $77.00 target price on Citizens Financial Group and gave the company an “overweight” rating in a research note on Monday, January 5th. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.27.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.