Citizens Financial Group, Inc. (NYSE:CFG) Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,712 shares of the bank's stock after selling 32,150 shares during the quarter. Nisa Investment Advisors LLC's holdings in Citizens Financial Group were worth $2,452,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CFG. Innealta Capital LLC acquired a new position in Citizens Financial Group during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc grew its position in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after acquiring an additional 678 shares during the last quarter. Private Ocean LLC grew its position in shares of Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after acquiring an additional 838 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $48,000. Finally, Atlas Capital Advisors LLC bought a new stake in Citizens Financial Group in the 2nd quarter valued at about $48,000. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFG has been the topic of several analyst reports. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Stephens lifted their target price on Citizens Financial Group from $40.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. Piper Sandler boosted their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Morgan Stanley raised their price target on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group has an average rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.30 during mid-day trading on Friday, reaching $41.82. The company had a trading volume of 3,305,603 shares, compared to its average volume of 4,879,847. The company has a 50-day moving average price of $41.52 and a two-hundred day moving average price of $38.67. The stock has a market cap of $18.61 billion, a PE ratio of 16.46, a P/E/G ratio of 1.61 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 1-year low of $23.50 and a 1-year high of $44.39.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the business posted $0.85 EPS. Citizens Financial Group's revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Citizens Financial Group Profile

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.