Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) Price Target at $47.78

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.00.

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday. Stephens reissued an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Compass Point raised their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $48.34 on Friday. The firm has a market cap of $21.30 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The firm’s 50 day simple moving average is $45.66 and its 200-day simple moving average is $42.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, equities analysts predict that Citizens Financial Group will post 3.85 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.48%. Citizens Financial Group’s payout ratio is currently 55.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after buying an additional 367,439 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Citizens Financial Group by 9.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,782 shares of the bank’s stock valued at $253,000 after buying an additional 519 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Citizens Financial Group by 979,522.7% in the fourth quarter. Sound Income Strategies LLC now owns 215,517 shares of the bank’s stock valued at $9,431,000 after buying an additional 215,495 shares in the last quarter. Donoghue Forlines LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at $1,485,000. Finally, SG Americas Securities LLC increased its stake in shares of Citizens Financial Group by 1,073.9% during the fourth quarter. SG Americas Securities LLC now owns 332,912 shares of the bank’s stock worth $14,568,000 after purchasing an additional 304,553 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.