Citizens Financial Group, Inc. $CFG Stock Position Boosted by Nemes Rush Group LLC

Nemes Rush Group LLC grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9,937.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,045 shares of the bank’s stock after acquiring an additional 11,925 shares during the period. Nemes Rush Group LLC’s holdings in Citizens Financial Group were worth $768,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Citizens Financial Group in the second quarter valued at $3,415,046,000. Robeco Institutional Asset Management B.V. lifted its holdings in Citizens Financial Group by 7,979.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock worth $775,663,000 after buying an additional 12,014,785 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Citizens Financial Group by 1,252.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after buying an additional 8,523,938 shares during the period. Dimensional Fund Advisors LP raised its position 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 worth $282,927,000 after acquiring an additional 28,602 shares during the last quarter. Finally, Amundi lifted its stake in shares of Citizens Financial Group by 31.2% in the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after acquiring an additional 875,666 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of recent analyst reports. Stephens decreased their target price on shares of Citizens Financial Group from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Jefferies Financial Group lowered their price target on shares of Citizens Financial Group from $90.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. The Goldman Sachs Group reduced their price objective on shares of Citizens Financial Group from $81.00 to $79.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Finally, DA Davidson set a $82.00 price objective on shares of Citizens Financial Group in a research report on Monday, October 19th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $76.79.

Citizens Financial Group Stock Up 3.2%

Shares of NYSE:CFG opened at $65.27 on Tuesday. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day moving average is $65.78 and its 200-day moving average is $65.65. Citizens Financial Group, Inc. has a 1 year low of $49.00 and a 1 year high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its earnings results 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 business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.2%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 30th. Citizens Financial Group’s payout ratio is presently 41.85%.

Citizens Financial Group Company Profile

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.