Citizens Financial Group, Inc. (NYSE:CFG – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.47.
A number of analysts recently commented on CFG shares. The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th.
Check Out Our Latest Report on CFG
Institutional Investors Weigh In On Citizens Financial Group
A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after purchasing an additional 5,579,313 shares in the last quarter. LSV Asset Management raised its stake in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after purchasing an additional 113,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Citizens Financial Group Stock Performance
Shares of NYSE:CFG opened at $48.11 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. Citizens Financial Group has a 12 month low of $26.99 and a 12 month high of $49.25. The company has a 50-day moving average price of $43.54 and a 200-day moving average price of $40.21.
Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities analysts anticipate that Citizens Financial Group will post 3.2 EPS for the current year.
Citizens Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.
Citizens Financial Group Company Profile
(Get Free Report
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.
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