Brevan Howard Capital Management LP Has $2.64 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Brevan Howard Capital Management LP decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,270 shares of the bank’s stock after selling 1,437 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Citizens Financial Group were worth $2,637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC raised its holdings in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after buying an additional 229 shares in the last quarter. Brooklyn Investment Group grew its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after purchasing an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after purchasing an additional 238 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Barclays cut their price target on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Citigroup dropped their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Royal Bank of Canada decreased their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, Truist Financial dropped their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.18.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $38.66 on Tuesday. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25. The firm has a market cap of $16.90 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day moving average is $38.96 and its two-hundred day moving average is $43.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 53.33%.

About Citizens Financial Group

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.