Citizens Financial Group Inc (NYSE:CFG) Receives $40.63 Average PT from Analysts

Citizens Financial Group Inc (NYSE:CFG) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $40.63.

CFG has been the subject of several recent analyst reports. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.00 to $35.00 in a research report on Friday, July 12th. JPMorgan Chase & Co. decreased their price objective on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. UBS Group cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $40.00 to $38.00 in a research report on Wednesday, July 10th. Zacks Investment Research cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a research report on Friday, July 12th. Finally, Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, July 29th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its holdings in shares of Citizens Financial Group by 23,866.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after buying an additional 716 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Citizens Financial Group in the first quarter valued at about $29,000. Liberty Wealth Management LLC purchased a new stake in shares of Citizens Financial Group in the first quarter valued at about $34,000. Assetmark Inc. raised its holdings in shares of Citizens Financial Group by 243.6% in the second quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after buying an additional 682 shares during the last quarter. Finally, Oakworth Capital Inc. raised its holdings in shares of Citizens Financial Group by 739.0% in the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after buying an additional 1,042 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Citizens Financial Group stock traded up $0.31 during trading on Friday, hitting $32.91. 120,926 shares of the stock were exchanged, compared to its average volume of 4,926,755. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. The firm’s 50-day moving average price is $35.10 and its 200 day moving average price is $35.05. Citizens Financial Group has a 12-month low of $27.62 and a 12-month high of $41.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.95.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. During the same period in the previous year, the company earned $0.88 EPS. As a group, research analysts forecast that Citizens Financial Group will post 3.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.36 dividend. The ex-dividend date was Tuesday, July 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 4.38%. Citizens Financial Group’s payout ratio is 40.45%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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