Nisa Investment Advisors LLC Buys 17,315 Shares of Citizens Financial Group, Inc. $CFG

Nisa Investment Advisors LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 26.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 81,764 shares of the bank’s stock after acquiring an additional 17,315 shares during the period. Nisa Investment Advisors LLC’s holdings in Citizens Financial Group were worth $4,347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. StoneX Group Inc. boosted its position in Citizens Financial Group by 0.4% during the second quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock worth $2,699,000 after purchasing an additional 213 shares during the period. Brookstone Capital Management lifted its stake in shares of Citizens Financial Group by 2.9% in the second quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock worth $336,000 after buying an additional 214 shares during the last quarter. Lynx Investment Advisory boosted its holdings in shares of Citizens Financial Group by 2.8% during the 2nd quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock worth $401,000 after buying an additional 243 shares during the period. Gries Financial LLC grew its stake in Citizens Financial Group by 3.4% in the 3rd quarter. Gries Financial LLC now owns 7,331 shares of the bank’s stock valued at $390,000 after buying an additional 243 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in Citizens Financial Group by 2.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 11,570 shares of the bank’s stock valued at $518,000 after buying an additional 257 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 1.2%

Shares of CFG opened at $60.51 on Monday. The stock’s 50-day moving average price is $55.90 and its 200 day moving average price is $52.08. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.52 and a beta of 0.72. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $62.16.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. As a group, research analysts predict 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 paid a dividend of $0.46 per share. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio is presently 51.54%.

Analyst Ratings Changes

CFG has been the subject of a number of research analyst reports. Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research report on Monday, January 5th. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Cowen reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Monday, December 1st. Truist Financial lifted their price target on Citizens Financial Group from $56.00 to $63.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $73.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.33.

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.