Citizens Financial Group, Inc. (NYSE:CFG) Receives $56.55 Average PT from Brokerages

Citizens Financial Group, Inc. (NYSE:CFG) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.7143.

Several research firms have recently weighed in on CFG. Baird R W lowered shares of Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird reissued a “neutral” rating and set a $60.00 target price on shares of Citizens Financial Group in a research note on Thursday. Bank of America upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a report on Thursday, October 9th. Evercore ISI upped their price target on Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Barclays increased their price objective on Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th.

Hedge Funds Weigh In On Citizens Financial Group

A number of institutional investors have recently bought and sold shares of CFG. Investors Research Corp lifted its stake in Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after acquiring an additional 410 shares during the period. GoalVest Advisory LLC lifted its position in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares in the last quarter. Finally, REAP Financial Group LLC boosted its stake in Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.0%

CFG opened at $58.34 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $25.06 billion, a PE ratio of 16.34, a P/E/G ratio of 0.62 and a beta of 0.74. The stock’s fifty day moving average is $52.50 and its 200-day moving average is $49.36. Citizens Financial Group has a one year low of $32.60 and a one year high of $59.31.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.46 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.54%.

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.