Citizens Financial Group, Inc. $CFG Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,154 shares of the bank’s stock after buying an additional 9,215 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Citizens Financial Group were worth $9,296,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the period. State of Wyoming acquired a new position in shares of Citizens Financial Group during the second quarter valued at $39,000. Fortitude Family Office LLC increased its holdings in shares of Citizens Financial Group by 632.0% during the fourth 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 increased its holdings in shares of Citizens Financial Group by 2,703.0% during the second 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 during the fourth quarter valued at $50,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Monday, March 9th. Royal Bank Of Canada raised their price target on Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Evercore reissued an “outperform” rating and set a $75.00 price target on shares of Citizens Financial Group in a report on Tuesday, April 21st. DA Davidson raised their price target on Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Truist Financial raised their price target on Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a report on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Insider Transactions at Citizens Financial Group

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

Citizens Financial Group Price Performance

NYSE:CFG opened at $61.54 on Thursday. The business’s 50-day moving average price is $62.65 and its 200 day moving average price is $60.70. The firm has a market cap of $26.03 billion, a P/E ratio of 14.55, a PEG ratio of 0.49 and a beta of 0.68. Citizens Financial Group, Inc. has a 52-week low of $39.69 and a 52-week high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.Citizens Financial Group’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s payout ratio is presently 43.50%.

Citizens Financial Group Company Profile

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.