Citizens Financial Group Inc (NYSE:CFG) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Citizens Financial Group in a report released on Tuesday. Jefferies Group analyst K. Usdin forecasts that the bank will earn $0.68 per share for the quarter. Jefferies Group also issued estimates for Citizens Financial Group’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $3.16 EPS.
CFG has been the topic of several other research reports. Barclays raised their target price on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Citigroup restated a “neutral” rating and issued a $42.00 target price (up previously from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Bank of America restated an “underperform” rating and issued a $40.00 target price (down previously from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Finally, Deutsche Bank restated a “hold” rating and issued a $36.00 target price (up previously from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $41.46.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $0.52 earnings per share. Citizens Financial Group’s quarterly revenue was up 4.6% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of CFG. Barings LLC grew its stake in shares of Citizens Financial Group by 45.1% in the third quarter. Barings LLC now owns 86,900 shares of the bank’s stock valued at $3,291,000 after buying an additional 27,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Citizens Financial Group by 0.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock valued at $51,011,000 after buying an additional 8,700 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Citizens Financial Group by 16,695.7% in the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after buying an additional 2,762,808 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Citizens Financial Group by 10.4% in the third quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock valued at $25,003,000 after buying an additional 61,942 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Citizens Financial Group by 10.7% in the third quarter. Toronto Dominion Bank now owns 192,364 shares of the bank’s stock valued at $7,284,000 after buying an additional 18,523 shares in the last quarter. Institutional investors own 98.48% of the company’s stock.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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