Fuller & Thaler Asset Management Inc. Has $423.73 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Fuller & Thaler Asset Management Inc. increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,683,111 shares of the bank's stock after purchasing an additional 1,672,204 shares during the quarter. Citizens Financial Group accounts for about 1.6% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Fuller & Thaler Asset Management Inc. owned about 2.20% of Citizens Financial Group worth $423,733,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quantessence Capital LLC bought a new stake in Citizens Financial Group in the fourth quarter valued at $324,000. Hsbc Holdings PLC lifted its stake in Citizens Financial Group by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 3,160,954 shares of the bank's stock valued at $138,351,000 after buying an additional 257,410 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Citizens Financial Group by 2,285.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 28,651 shares of the bank's stock valued at $1,254,000 after buying an additional 27,450 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Citizens Financial Group by 83.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,753 shares of the bank's stock valued at $1,477,000 after buying an additional 15,378 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Citizens Financial Group by 5.8% in the fourth quarter. MML Investors Services LLC now owns 56,989 shares of the bank's stock valued at $2,494,000 after buying an additional 3,143 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CFG. Raymond James restated a "strong-buy" rating and set a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Royal Bank of Canada lowered their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group dropped their price target on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley lowered their target price on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Finally, JPMorgan Chase & Co. lowered their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $46.18.

Citizens Financial Group Stock Performance

NYSE CFG traded down $0.12 during midday trading on Monday, hitting $36.94. The company had a trading volume of 720,399 shares, compared to its average volume of 4,750,696. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $39.87 and a two-hundred day simple moving average of $43.46. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Citizens Financial Group Company 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.