Mitsubishi UFJ Trust & Banking Corp Has $9.17 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,434 shares of the bank’s stock after selling 15,902 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Citizens Financial Group were worth $9,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group during the fourth quarter worth about $47,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group during the third quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $51,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 2.4 %

Shares of CFG opened at $40.26 on Friday. The stock’s fifty day simple moving average is $44.66 and its 200-day simple moving average is $44.13. The firm has a market capitalization of $17.60 billion, a PE 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 12-month low of $32.06 and a 12-month 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 issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced 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 dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analysts Set New Price Targets

Several research firms recently commented on CFG. Raymond James restated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Compass Point upped their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays boosted 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 research report on Monday, January 6th. Finally, Citigroup dropped their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

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.