Citizens Financial Group Inc. RI Trims Position in Electronic Arts Inc. (NASDAQ:EA)

Citizens Financial Group Inc. RI decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 32.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,487 shares of the game software company’s stock after selling 714 shares during the period. Citizens Financial Group Inc. RI’s holdings in Electronic Arts were worth $218,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Claro Advisors LLC lifted its position in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares during the period. Parkside Financial Bank & Trust increased its position in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after buying an additional 82 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Up 0.7 %

EA stock opened at $138.71 on Friday. The firm has a fifty day moving average price of $132.85 and a 200 day moving average price of $144.91. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market cap of $36.15 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s payout ratio is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the sale, the chief financial officer now owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,428,645 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.