Citizens Financial Group’s (CFG) “Overweight” Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Citizens Financial Group (NYSE:CFG) in a research note issued to investors on Tuesday,Benzinga reports. Stephens currently has a $53.00 price target on the bank’s stock.

Several other research firms also recently weighed in on CFG. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. DA Davidson boosted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group lifted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI reduced their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

NYSE CFG opened at $47.36 on Tuesday. The stock has a fifty day simple moving average of $45.71 and a 200-day simple moving average of $42.91. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market cap of $20.87 billion, a PE ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1,962,330 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 .1% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group will post 3.95 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Hedge Funds Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Citizens Financial Group by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 204,454 shares of the bank’s stock valued at $7,366,000 after buying an additional 5,191 shares in the last quarter. Intech Investment Management LLC lifted its position in Citizens Financial Group by 104.9% in the second quarter. Intech Investment Management LLC now owns 11,359 shares of the bank’s stock valued at $409,000 after acquiring an additional 5,815 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Citizens Financial Group by 4.3% in the second quarter. Pacer Advisors Inc. now owns 33,751 shares of the bank’s stock valued at $1,216,000 after acquiring an additional 1,379 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Citizens Financial Group by 2.6% during the second quarter. Sei Investments Co. now owns 219,866 shares of the bank’s stock worth $7,922,000 after purchasing an additional 5,627 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Citizens Financial Group by 1.3% during the second quarter. ProShare Advisors LLC now owns 111,418 shares of the bank’s stock worth $4,014,000 after purchasing an additional 1,457 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.