Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,133,028 shares of the bank’s stock after buying an additional 47,855 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Citizens Financial Group worth $40,426,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Citizens Financial Group by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,688,411 shares of the bank’s stock worth $58,335,000 after buying an additional 4,698 shares during the period. British Airways Pensions Investment Management Ltd boosted its stake in shares of Citizens Financial Group by 19.6% in the first quarter. British Airways Pensions Investment Management Ltd now owns 943,348 shares of the bank’s stock worth $32,576,000 after buying an additional 154,349 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Citizens Financial Group by 1.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,829 shares of the bank’s stock worth $340,000 after buying an additional 149 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Citizens Financial Group by 10.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 88,462 shares of the bank’s stock worth $3,056,000 after buying an additional 8,230 shares during the period. Finally, Advisor Partners LLC acquired a new stake in shares of Citizens Financial Group during the first quarter worth approximately $203,000. Institutional investors and hedge funds own 96.83% of the company’s stock.

Citizens Financial Group, Inc. (NYSE:CFG) opened at 33.31 on Wednesday. The firm’s 50-day moving average is $34.96 and its 200 day moving average is $35.70. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 14.22 and a beta of 1.31. Citizens Financial Group, Inc. has a 52 week low of $23.64 and a 52 week high of $39.75.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business earned $0.46 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post $2.53 EPS for the current year.

Citizens Financial Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.16%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 30.64%.

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A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, July 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.19.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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