11,925 Citizens Financial Group, Inc. $CFG Shares Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9,937.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,045 shares of the bank’s stock after buying an additional 11,925 shares during the quarter. Nemes Rush Group LLC’s holdings in Citizens Financial Group were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Citizens Financial Group during the 2nd quarter worth approximately $3,415,046,000. Robeco Institutional Asset Management B.V. grew its stake in Citizens Financial Group by 7,979.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock valued at $775,663,000 after acquiring an additional 12,014,785 shares during the period. Assenagon Asset Management S.A. grew its stake in Citizens Financial Group by 1,252.4% in the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock valued at $586,883,000 after acquiring an additional 8,523,938 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Citizens Financial Group by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock valued at $282,927,000 after acquiring an additional 28,602 shares in the last quarter. Finally, Amundi increased its holdings in shares of Citizens Financial Group by 31.2% during the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock valued at $258,265,000 after acquiring an additional 875,666 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $65.27 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $65.78 and a two-hundred day moving average price of $65.65. The firm has a market capitalization of $27.36 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.60 and a beta of 0.74. Citizens Financial Group, Inc. has a 52 week low of $49.00 and a 52 week high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Equities analysts forecast that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 41.85%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CFG. Truist Financial lowered their target price on Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Citigroup reduced their price target on shares of Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Finally, Bank of America lowered their price objective on shares of Citizens Financial Group from $82.00 to $76.00 in a report on Thursday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.79.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions.

Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.

Citizens traces its history to High Street Bank, founded in Providence in 1828.