Nomura Asset Management Co. Ltd. Has $9.30 Million Stock Position in Citizens Financial Group, Inc. $CFG

Nomura Asset Management Co. Ltd. lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,154 shares of the bank’s stock after purchasing an additional 9,215 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Citizens Financial Group were worth $9,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CFG. Activest Wealth Management boosted its position in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after purchasing an additional 504 shares during the period. State of Wyoming acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at $39,000. Fortitude Family Office LLC boosted its position in shares of Citizens Financial Group by 632.0% in the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after purchasing an additional 613 shares during the period. Kestra Investment Management LLC boosted its position in shares of Citizens Financial Group by 2,703.0% in the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the sale, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Trading Down 1.2%

Shares of NYSE CFG opened at $61.54 on Thursday. Citizens Financial Group, Inc. has a one year low of $39.69 and a one year high of $68.79. The firm has a market capitalization of $26.03 billion, a PE ratio of 14.55, a PEG ratio of 0.49 and a beta of 0.68. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $60.70.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Evercore reiterated an “outperform” rating and issued a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley decreased their price target on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. DA Davidson increased their price target on Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Truist Financial increased their price target on Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.88.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.