Mufg Securities Americas Inc. Takes Position in Citizens Financial Group, Inc. (NYSE:CFG)

Mufg Securities Americas Inc. acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,301 shares of the bank's stock, valued at approximately $319,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors lifted its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after buying an additional 1,131,838 shares during the period. Geode Capital Management LLC lifted its stake in shares of Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after buying an additional 124,860 shares during the period. Wellington Management Group LLP lifted its stake in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after buying an additional 1,672,204 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock valued at $270,715,000 after buying an additional 1,507,536 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CFG shares. TD Cowen started coverage on shares of Citizens Financial Group in a report on Thursday, May 15th. They issued a "buy" rating and a $57.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Piper Sandler decreased their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Argus set a $45.00 price target on shares of Citizens Financial Group in a report on Thursday, April 24th. Finally, Truist Financial decreased their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.78.

Citizens Financial Group Stock Down 0.7%

Shares of CFG traded down $0.30 during trading on Tuesday, reaching $41.28. The company's stock had a trading volume of 2,314,769 shares, compared to its average volume of 4,821,681. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 0.81 and a beta of 0.74. 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 company has a fifty day moving average of $38.51 and a two-hundred day moving average of $43.15. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25.

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

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.07%. The ex-dividend date was 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.