Citizens Financial Group, Inc. (NYSE:CFG) Receives $47.41 Consensus Price Target from Analysts

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) has received an average recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the company, MarketBeat reports. Seven equities research 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.41.

CFG has been the topic of a number of research analyst reports. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Evercore ISI reduced their target price on 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. Barclays boosted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds have recently bought and sold shares of CFG. Wellington Management Group LLP increased its stake in shares of Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. AQR Capital Management LLC grew its position in Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock valued at $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. State Street Corp raised its stake in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Citizens Financial Group by 85.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank's stock worth $83,933,000 after acquiring an additional 942,662 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after acquiring an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Up 1.0 %

CFG stock traded up $0.43 during mid-day trading on Wednesday, reaching $44.00. The company had a trading volume of 831,834 shares, compared to its average volume of 5,166,421. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.76 and a beta of 1.08. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a 50 day simple moving average of $44.95 and a two-hundred day simple moving average of $41.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $0.85 earnings per share. As a group, equities analysts predict that Citizens Financial Group will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 66.14%.

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.