Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) PT at $71.36

Citizens Financial Group, Inc. (NYSE:CFG) has been assigned an average rating of “Moderate Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $72.3750.

Several research analysts have recently weighed in on the company. Truist Financial upped their target price on Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $75.00 price target on shares of Citizens Financial Group in a report on Tuesday, April 21st. Citigroup upped their price objective on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a report on Thursday, April 30th.

Citizens Financial Group Trading Down 1.2%

CFG stock opened at $70.97 on Friday. Citizens Financial Group has a 52-week low of $45.90 and a 52-week high of $72.46. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm has a market cap of $30.01 billion, a P/E ratio of 16.78, a PEG ratio of 0.57 and a beta of 0.67. The company’s 50-day simple moving average is $65.00 and its 200-day simple moving average is $62.70.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.Citizens Financial Group’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. As a group, equities analysts forecast that Citizens Financial Group will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is 43.50%.

Insider Transactions at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in Citizens Financial Group in the 1st quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Citizens Financial Group in the 4th quarter valued at $29,000. Activest Wealth Management boosted its stake in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Citizens Financial Group during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.