Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) PT at $45.47

Shares of Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) have been given an average rating of "Moderate Buy" by the sixteen analysts that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $45.47.

A number of equities research analysts recently commented on CFG shares. Barclays increased their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Morgan Stanley upped their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 17th.

Citizens Financial Group Stock Down 0.1 %

Shares of NYSE CFG opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a 50-day moving average price of $43.54 and a 200-day moving average price of $40.21. The stock has a market capitalization of $21.20 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.83 and a beta of 1.07. Citizens Financial Group has a 1 year low of $26.99 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that Citizens Financial Group will post 3.2 EPS 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. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in shares of Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock worth $28,368,000 after acquiring an additional 29,940 shares during the last quarter. Tidal Investments LLC raised its position in Citizens Financial Group by 292.2% during the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank's stock valued at $2,869,000 after purchasing an additional 52,039 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Citizens Financial Group during the third quarter valued at about $89,000. Sanctuary Advisors LLC lifted its stake in Citizens Financial Group by 8.1% during the third quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank's stock worth $1,806,000 after purchasing an additional 3,307 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth about $453,000. Hedge funds and other institutional investors 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.