Citizens Financial Group, Inc. (NYSE:CFG) Given Average Recommendation of "Moderate Buy" by Analysts

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.78.

CFG has been the subject of several recent analyst reports. Compass Point lifted 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 report on Tuesday, December 10th. Piper Sandler upped their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Citigroup increased their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Barclays increased their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th.

Institutional Trading of Citizens Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. My Legacy Advisors LLC grew its stake in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group grew its stake in shares of Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after buying an additional 233 shares during the period. SeaCrest Wealth Management LLC increased its stake in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after acquiring an additional 246 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after purchasing an additional 247 shares during the period. Finally, Commerce Bank lifted its stake in shares of Citizens Financial Group by 1.9% in 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. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Up 1.5 %

NYSE CFG traded up $0.72 during trading hours on Friday, hitting $47.52. 6,398,775 shares of the company were exchanged, compared to its average volume of 3,080,625. 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 firm has a market cap of $20.94 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.29 and a beta of 1.10. The company has a 50 day moving average of $45.64 and a two-hundred day moving average of $42.66. Citizens Financial Group has a 52-week low of $30.24 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Citizens Financial Group will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

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.