Brown Brothers Harriman & Co. Has $57,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Brown Brothers Harriman & Co. reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 87.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,302 shares of the bank’s stock after selling 8,711 shares during the period. Brown Brothers Harriman & Co.’s holdings in Citizens Financial Group were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CFG. CHURCHILL MANAGEMENT Corp purchased a new position in Citizens Financial Group in the fourth quarter valued at about $8,134,000. BTC Capital Management Inc. lifted its holdings in shares of Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after buying an additional 7,119 shares during the last quarter. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after buying an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after acquiring an additional 805,758 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 2.6 %

Shares of CFG opened at $41.66 on Thursday. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The firm has a market capitalization of $18.21 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a 50-day simple moving average of $44.26 and a 200-day simple moving average of $44.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analyst Weigh In

CFG has been the subject of several recent research reports. Barclays boosted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Truist Financial reduced their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Finally, Stephens reissued an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.67.

Citizens Financial Group 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.