Citizens Financial Group, Inc. (NYSE:CFG) Receives $49.06 Consensus Target Price from Analysts

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) has earned an average rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. Eight 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 company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $49.06.

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a report on Friday, March 21st. Raymond James reiterated a "strong-buy" rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Citigroup decreased their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after buying an additional 5,579,313 shares in the last quarter. Norges Bank acquired a new stake in Citizens Financial Group in the fourth quarter worth about $243,431,000. Fuller & Thaler Asset Management Inc. raised its holdings in Citizens Financial Group by 20.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after purchasing an additional 1,672,204 shares during the last quarter. State Street Corp raised its holdings in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Citizens Financial Group by 32.2% during the 4th quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock valued at $270,715,000 after purchasing an additional 1,507,536 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

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Citizens Financial Group Stock Up 9.0 %

CFG stock traded up $3.10 during mid-day trading on Friday, hitting $37.50. The stock had a trading volume of 10,043,319 shares, compared to its average volume of 4,742,412. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.81 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a fifty day moving average of $42.58 and a 200 day moving average of $43.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company's revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's payout ratio is presently 55.45%.

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.