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

Brown Brothers Harriman & Co. lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 87.0% in the fourth quarter, according to its most recent 13F filing with the SEC. 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 filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Citigroup dropped their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays boosted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock 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 stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.

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Citizens Financial Group Trading Up 1.4 %

NYSE CFG traded up $0.49 during trading hours on Monday, hitting $34.76. 7,997,252 shares of the company's stock were exchanged, compared to its average volume of 4,726,113. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $43.52 and a 200 day simple moving average of $44.05. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.83%. Citizens Financial Group's dividend payout ratio is presently 55.45%.

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.