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

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 14.3% during the fourth quarter, HoldingsChannel reports. The firm owned 730,178 shares of the bank’s stock after purchasing an additional 91,135 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Citizens Financial Group were worth $32,537,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CFG. LPL Financial LLC boosted its stake in shares of Citizens Financial Group by 2.2% during the fourth quarter. LPL Financial LLC now owns 392,417 shares of the bank’s stock valued at $17,172,000 after purchasing an additional 8,321 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Citizens Financial Group during the fourth quarter worth $6,160,000. Sei Investments Co. boosted its position in Citizens Financial Group by 2.8% during the 4th quarter. Sei Investments Co. now owns 248,052 shares of the bank’s stock valued at $10,856,000 after acquiring an additional 6,759 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Citizens Financial Group by 3.5% in the 4th quarter. American Century Companies Inc. now owns 223,731 shares of the bank’s stock valued at $9,790,000 after acquiring an additional 7,534 shares during the period. Finally, Mizuho Securities USA LLC raised its position in shares of Citizens Financial Group by 43.7% in the 4th quarter. Mizuho Securities USA LLC now owns 41,768 shares of the bank’s stock worth $1,828,000 after acquiring an additional 12,698 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Compass Point raised their price objective 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. Barclays raised their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Truist Financial decreased their target price on shares of 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, Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.67.

Citizens Financial Group Trading Down 2.4 %

Citizens Financial Group stock opened at $40.26 on Friday. The stock has a 50-day moving average price of $44.66 and a 200 day moving average price of $44.13. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

About Citizens Financial Group

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.