Barclays Issues Positive Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its price objective boosted by Barclays from $47.00 to $52.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other analysts have also recently weighed in on CFG. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada lifted their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI dropped their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Citizens Financial Group Trading Up 0.2 %

Shares of CFG stock opened at $44.77 on Monday. Citizens Financial Group has a 12-month low of $30.24 and a 12-month high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $45.41 and a 200-day moving average of $42.16. The firm has a market cap of $19.73 billion, a P/E ratio of 17.63, a PEG ratio of 1.76 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts anticipate that Citizens Financial Group will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.75%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently made changes to their positions in the business. Commerce Bank increased its stake in Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after purchasing an additional 250 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Citizens Financial Group by 17.4% during the 4th quarter. Versant Capital Management Inc now owns 1,685 shares of the bank’s stock worth $74,000 after buying an additional 250 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after purchasing an additional 264 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in Citizens Financial Group by 2.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank’s stock valued at $468,000 after buying an additional 280 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.