Citizens Financial Group, Inc. (NYSE:CFG – Get Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $48.36 and last traded at $48.36, with a volume of 2827 shares traded. The stock had previously closed at $47.65.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CFG. Barclays upped their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson upped their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup upped their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI reduced their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Finally, Morgan Stanley boosted their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $44.80.
View Our Latest Stock Analysis on CFG
Citizens Financial Group Stock Up 2.2 %
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.
Citizens Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.
Institutional Trading of Citizens Financial Group
Several hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its holdings in Citizens Financial Group by 8.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock worth $1,806,000 after buying an additional 3,307 shares during the period. Virtu Financial LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth approximately $453,000. Teachers Retirement System of The State of Kentucky raised its holdings in Citizens Financial Group by 105.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,135,152 shares of the bank’s stock worth $46,621,000 after buying an additional 583,473 shares during the period. Coldstream Capital Management Inc. raised its holdings in Citizens Financial Group by 12.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 20,302 shares of the bank’s stock worth $843,000 after buying an additional 2,293 shares during the period. Finally, MidWestOne Financial Group Inc. acquired a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $221,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.
About Citizens Financial Group
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.
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