Brown Advisory Inc. Has $229,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Brown Advisory Inc. raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 21.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,591 shares of the bank’s stock after acquiring an additional 998 shares during the period. Brown Advisory Inc.’s holdings in Citizens Financial Group were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co acquired a new position in Citizens Financial Group in the first quarter valued at about $398,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Citizens Financial Group by 19.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank’s stock valued at $2,248,000 after acquiring an additional 8,851 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Citizens Financial Group by 425.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank’s stock valued at $1,069,000 after acquiring an additional 21,138 shares during the period. OneDigital Investment Advisors LLC grew its stake in Citizens Financial Group by 37.9% in the first quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank’s stock valued at $292,000 after acquiring an additional 1,957 shares during the period. Finally, World Investment Advisors bought a new stake in shares of Citizens Financial Group in the first quarter valued at about $410,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFG has been the topic of a number of research reports. Raymond James Financial restated a “strong-buy” rating and issued a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Stephens cut their price target on Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Cowen initiated coverage on Citizens Financial Group in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Wednesday, July 9th. Finally, Argus set a $45.00 price target on Citizens Financial Group in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $46.95 on Thursday. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The stock’s 50 day moving average is $42.67 and its 200-day moving average is $42.36. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.80 and a beta of 0.76.

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 analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.84% and a net margin of 12.76%. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group announced that its Board of Directors has initiated a share buyback program on Friday, June 13th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 8.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Citizens Financial Group 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.