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

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

Other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after acquiring an additional 496 shares in the last quarter. Larson Financial Group LLC bought a new stake in Citizens Financial Group in the fourth quarter worth approximately $33,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Citizens Financial Group in the third quarter worth $40,000. CVA Family Office LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $40,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Citizens Financial Group by 336.3% in the third quarter. Global Retirement Partners LLC now owns 1,693 shares of the bank’s stock worth $43,000 after buying an additional 1,305 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 0.4 %

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

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is 60.87%.

Insider Activity

In other news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the transaction, the insider now owns 37,558 shares in the company, valued at approximately $1,265,704.60. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CFG shares. UBS Group boosted 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 note on Thursday, January 18th. Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Barclays cut shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Finally, Wedbush reduced their price objective on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $37.13.

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.