Mitsubishi UFJ Asset Management Co. Ltd. Buys 91,135 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 730,178 shares of the bank's stock after buying an additional 91,135 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Citizens Financial Group worth $32,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFG. Private Trust Co. NA increased its position in Citizens Financial Group by 89.9% during the third quarter. Private Trust Co. NA now owns 2,397 shares of the bank's stock valued at $98,000 after acquiring an additional 1,135 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $209,000. Townsquare Capital LLC increased its position in shares of Citizens Financial Group by 22.0% during the 3rd quarter. Townsquare Capital LLC now owns 19,846 shares of the bank's stock valued at $815,000 after purchasing an additional 3,580 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Citizens Financial Group by 48.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,529 shares of the bank's stock worth $4,745,000 after buying an additional 37,517 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $4.32 during mid-day trading on Thursday, reaching $37.34. The stock had a trading volume of 1,520,178 shares, compared to its average volume of 4,269,210. The business's 50 day moving average price is $44.26 and its 200 day moving average price is $44.15. Citizens Financial Group, Inc. has a 1 year low of $32.06 and a 1 year high of $49.25. The company has a market cap of $16.32 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.50%. Citizens Financial Group's payout ratio is currently 55.45%.

Analyst Ratings Changes

CFG has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Compass Point lifted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Truist Financial reduced their price target on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, Citigroup lowered their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.

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.