Nisa Investment Advisors LLC cut its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 42.2% during the 4th quarter, HoldingsChannel reports. The fund owned 18,673 shares of the bank’s stock after selling 13,643 shares during the period. Nisa Investment Advisors LLC’s holdings in Citizens Financial Group were worth $784,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Allied Advisory Services Inc. boosted its stake in Citizens Financial Group by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock worth $250,000 after acquiring an additional 76 shares in the last quarter. Veritable L.P. boosted its stake in Citizens Financial Group by 1.2% during the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock worth $229,000 after acquiring an additional 79 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Citizens Financial Group by 2.8% during the second quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after acquiring an additional 188 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Citizens Financial Group by 1.8% during the second quarter. Moors & Cabot Inc. now owns 19,187 shares of the bank’s stock worth $687,000 after acquiring an additional 337 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Citizens Financial Group by 6.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,533 shares of the bank’s stock worth $304,000 after acquiring an additional 500 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors and hedge funds.
Citizens Financial Group Inc (NYSE:CFG) opened at $47.87 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group Inc has a 1-year low of $31.51 and a 1-year high of $48.14. The firm has a market cap of $23,522.11, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.22 per share. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, January 31st. This represents a $0.88 annualized dividend and a yield of 1.84%. Citizens Financial Group’s dividend payout ratio is presently 22.02%.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.
CFG has been the topic of several research analyst reports. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, December 4th. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday. Barclays increased their target price on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $45.00 target price on shares of Citizens Financial Group in a research note on Sunday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.36.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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