Citizens Financial Group, Inc. (NYSE:CFG) Receives $43.80 Average Price Target from Analysts

Citizens Financial Group, Inc. (NYSE:CFG) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $43.80.

A number of brokerages have issued reports on CFG. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. UBS Group increased their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Piper Sandler boosted their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Raymond James initiated coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating on the stock.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of CFG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Citizens Financial Group by 35.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after purchasing an additional 20,649 shares during the period. Canada Pension Plan Investment Board lifted its position in Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after buying an additional 383,947 shares in the last quarter. Duality Advisers LP acquired a new position in Citizens Financial Group during the first quarter valued at approximately $1,180,000. SG Americas Securities LLC grew its stake in Citizens Financial Group by 642.6% during the first quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock worth $9,895,000 after buying an additional 235,958 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after acquiring an additional 23,449 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $46.03 on Tuesday. The stock has a fifty day moving average price of $41.61 and a 200 day moving average price of $38.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market cap of $20.49 billion, a PE ratio of 18.12, a P/E/G ratio of 1.59 and a beta of 1.07. Citizens Financial Group has a 1 year low of $24.61 and a 1 year high of $48.35.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Sell-side analysts forecast that Citizens Financial Group will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.65%. Citizens Financial Group’s payout ratio is 66.14%.

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.