Citizens Financial Group, Inc. (NYSE:CFG) Receives $49.06 Consensus PT from Brokerages

Citizens Financial Group, Inc. (NYSE:CFG) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat.com reports. Eight equities 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 company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.06.

Several research firms have weighed in on CFG. Citigroup decreased their price target 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. Truist Financial cut their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. lowered their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Institutional Trading of Citizens Financial Group

A number of large investors have recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its position in shares of Citizens Financial Group by 0.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank’s stock valued at $1,740,000 after purchasing an additional 224 shares during the period. My Legacy Advisors LLC boosted its holdings in shares of Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group grew its position in shares of Citizens Financial Group by 3.3% in 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 in the last quarter. 1620 Investment Advisors Inc. raised its stake in shares of Citizens Financial Group by 3.2% during 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. Finally, SeaCrest Wealth Management LLC lifted its holdings in Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after purchasing an additional 246 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Down 5.4 %

NYSE CFG opened at $34.28 on Friday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.81 and a beta of 0.81. The business has a 50 day simple moving average of $43.78 and a 200 day simple moving average of $44.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a one year low of $32.06 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.90%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.