Brandywine Global Investment Management LLC grew its position in Citizens Financial Group Inc (NYSE:CFG) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,012 shares of the bank’s stock after acquiring an additional 14,678 shares during the period. Brandywine Global Investment Management LLC owned 0.12% of Citizens Financial Group worth $24,098,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in Citizens Financial Group by 12.7% during the 3rd quarter. Nationwide Fund Advisors now owns 481,230 shares of the bank’s stock worth $18,224,000 after acquiring an additional 54,205 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Citizens Financial Group by 34.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 26,485 shares of the bank’s stock valued at $1,003,000 after buying an additional 6,735 shares during the period. Boston Partners lifted its position in Citizens Financial Group by 90.2% in the 3rd quarter. Boston Partners now owns 774,315 shares of the bank’s stock valued at $29,323,000 after acquiring an additional 367,306 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its position in Citizens Financial Group by 11.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 21,042 shares of the bank’s stock valued at $797,000 after acquiring an additional 2,084 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Citizens Financial Group in the 3rd quarter valued at $3,233,000. 97.11% of the stock is owned by institutional investors and hedge funds.
NYSE:CFG traded down $0.88 during trading hours on Monday, reaching $41.10. The company had a trading volume of 4,659,684 shares, compared to its average volume of 5,168,990. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $20,457.91, a price-to-earnings ratio of 15.93, a PEG ratio of 0.70 and a beta of 1.40. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts predict that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.
Several brokerages have commented on CFG. Sanford C. Bernstein set a $52.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and set a $45.00 price target on shares of Citizens Financial Group in a research report on Sunday, January 21st. ValuEngine upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $42.36.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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