Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,013 shares of the bank’s stock after selling 219 shares during the period. Brown Brothers Harriman & Co.’s holdings in Citizens Financial Group were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CFG. Harvest Fund Management Co. Ltd increased its position in shares of Citizens Financial Group by 293.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,520 shares of the bank’s stock valued at $309,000 after buying an additional 5,608 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $3,837,000. Daiwa Securities Group Inc. increased its holdings in Citizens Financial Group by 10.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 55,044 shares of the bank’s stock worth $2,261,000 after acquiring an additional 5,383 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Citizens Financial Group by 432.7% during the third quarter. Larson Financial Group LLC now owns 6,547 shares of the bank’s stock valued at $269,000 after purchasing an additional 5,318 shares in the last quarter. Finally, StoneX Group Inc. grew its position in shares of Citizens Financial Group by 12.3% in the third quarter. StoneX Group Inc. now owns 47,670 shares of the bank’s stock valued at $1,958,000 after purchasing an additional 5,208 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CFG has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. DA Davidson increased their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $45.47.

Citizens Financial Group Price Performance

NYSE:CFG opened at $48.17 on Thursday. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $49.25. The stock’s fifty day moving average is $43.29 and its two-hundred day moving average is $40.07. The company has a market capitalization of $21.23 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.84 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

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.