Citizens Financial Group, Inc. $CFG Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 131.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 725,809 shares of the bank’s stock after purchasing an additional 411,853 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Citizens Financial Group worth $32,480,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CFG. Investors Research Corp grew its stake in Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after buying an additional 500 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after acquiring an additional 410 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares in the last quarter. REAP Financial Group LLC boosted its position in Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Citizens Financial Group by 143.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after purchasing an additional 634 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CFG. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. UBS Group raised their target price on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Raymond James Financial set a $62.00 price target on Citizens Financial Group and gave the stock a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Bank of America raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $65.00 in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $56.57.

Citizens Financial Group Stock Down 1.9%

CFG stock opened at $51.67 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $51.81 and a 200-day simple moving average of $47.23. The company has a market capitalization of $22.19 billion, a P/E ratio of 14.47, a PEG ratio of 0.56 and a beta of 0.82. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $55.24.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.6%. Citizens Financial Group’s dividend payout ratio is 51.54%.

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.