Brown Lisle Cummings Inc. Has $1.27 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Brown Lisle Cummings Inc. grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,958 shares of the bank’s stock after buying an additional 2,450 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Citizens Financial Group were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFG. State Street Corp raised its stake in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after buying an additional 1,615,144 shares during the period. Wellington Management Group LLP raised its position in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after purchasing an additional 5,579,313 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after purchasing an additional 805,758 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Citizens Financial Group by 11.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock valued at $129,150,000 after purchasing an additional 334,386 shares during the period. Finally, Bank of Montreal Can increased its stake in Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after purchasing an additional 894,322 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Raymond James reiterated a “strong-buy” rating and set 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 lifted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Truist Financial upped their price target on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Down 2.5 %

Citizens Financial Group stock opened at $46.36 on Tuesday. The firm has a 50 day moving average price of $45.84 and a 200-day moving average price of $43.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The company has a market capitalization of $20.43 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.