Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,611 shares of the bank's stock after selling 18,539 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Citizens Financial Group worth $10,398,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the 4th quarter valued at about $28,000. Sierra Ocean LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $47,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth approximately $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $51,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 5.4 %

Shares of CFG stock traded down $1.94 on Friday, reaching $34.28. 8,826,677 shares of the stock were exchanged, compared to its average volume of 4,713,028. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.81 and a beta of 0.81. The business's 50 day moving average price is $43.78 and its 200 day moving average price is $44.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.90%. Citizens Financial Group's payout ratio is currently 55.45%.

Analysts Set New Price Targets

CFG has been the topic of a number of analyst reports. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Truist Financial lowered their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Morgan Stanley dropped their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.06.

About Citizens Financial Group

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.