Tokio Marine Asset Management Co. Ltd. Purchases 619 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Tokio Marine Asset Management Co. Ltd. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,155 shares of the bank’s stock after buying an additional 619 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Citizens Financial Group were worth $469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. grew its stake in shares of Citizens Financial Group by 5.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock valued at $310,732,000 after buying an additional 621,715 shares in the last quarter. Wellington Management Group LLP boosted its position in Citizens Financial Group by 217.5% during the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after purchasing an additional 5,465,824 shares during the period. Royal Bank of Canada boosted its position in Citizens Financial Group by 6.4% during the third quarter. Royal Bank of Canada now owns 5,532,398 shares of the bank’s stock worth $148,268,000 after purchasing an additional 332,222 shares during the period. Northern Trust Corp boosted its position in Citizens Financial Group by 3.6% during the third quarter. Northern Trust Corp now owns 4,825,592 shares of the bank’s stock worth $129,326,000 after purchasing an additional 168,157 shares during the period. Finally, AQR Capital Management LLC boosted its position in Citizens Financial Group by 1,213.2% during the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock worth $100,395,000 after purchasing an additional 3,460,792 shares during the period. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Citigroup lifted their price objective on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. UBS Group lifted their price objective on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Argus lifted their price objective on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wedbush dropped their target price on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.13.

Citizens Financial Group Stock Up 0.4 %

CFG stock opened at $35.15 on Friday. The company has a market cap of $16.11 billion, a PE ratio of 12.74 and a beta of 1.38. The business has a 50-day simple moving average of $33.68 and a 200 day simple moving average of $30.98. Citizens Financial Group, Inc. has a 52 week low of $22.77 and a 52 week high of $36.38. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the transaction, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

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.