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

Brandywine Global Investment Management LLC cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 237,611 shares of the bank’s stock after selling 18,539 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Citizens Financial Group were worth $10,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new position in shares of Citizens Financial Group in the third quarter worth $209,000. Townsquare Capital LLC raised its stake in shares of Citizens Financial Group by 22.0% in the third quarter. Townsquare Capital LLC now owns 19,846 shares of the bank’s stock valued at $815,000 after purchasing an additional 3,580 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Citizens Financial Group in the third quarter valued at about $227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Citizens Financial Group by 48.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,529 shares of the bank’s stock worth $4,745,000 after acquiring an additional 37,517 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Citizens Financial Group by 1.7% in the third quarter. Public Sector Pension Investment Board now owns 78,414 shares of the bank’s stock valued at $3,220,000 after buying an additional 1,300 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of CFG opened at $41.01 on Tuesday. The stock’s 50-day simple moving average is $44.53 and its 200 day simple moving average is $44.17. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. 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, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for 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 revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price target 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. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Truist Financial cut their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.67.

Citizens Financial Group Company 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.