Citizens Financial Group, Inc. (NYSE:CFG) Short Interest Update

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 9,020,000 shares, a decrease of 14.7% from the December 31st total of 10,570,000 shares. Based on an average daily volume of 4,200,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Citizens Financial Group

Hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $25,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the 4th quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth $27,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth $28,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Truist Financial increased their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price objective 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, November 26th. Finally, Citigroup increased their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.00.

Citizens Financial Group Price Performance

NYSE:CFG traded down $1.21 during trading hours on Monday, hitting $46.36. The stock had a trading volume of 3,841,543 shares, compared to its average volume of 3,912,431. The company has a 50 day simple moving average of $45.84 and a two-hundred day simple moving average of $43.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.96 billion. During the same period last year, the firm earned $0.85 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that Citizens Financial Group will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group's dividend payout ratio is currently 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.