Citizens Financial Group (NYSE:CFG) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of Citizens Financial Group (NYSE:CFG - Free Report) in a research report released on Tuesday,Benzinga reports. The firm issued a hold rating and a $49.00 target price on the bank's stock.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson boosted their target price 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. Royal Bank of Canada raised their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Raymond James raised shares of Citizens Financial Group from a "market perform" rating to a "strong-buy" rating and set a $55.00 target price on the stock in a report on Wednesday, December 18th. Finally, Barclays lifted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.78.

Citizens Financial Group Trading Down 0.0 %

NYSE CFG traded down $0.02 during trading on Tuesday, reaching $44.78. 2,778,606 shares of the stock traded hands, compared to its average volume of 3,185,876. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. 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 $19.73 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The stock's 50-day moving average price is $45.32 and its 200 day moving average price is $42.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The business's revenue was down 5.6% on a year-over-year basis. Analysts predict that Citizens Financial Group will post 3.2 EPS for the current 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 $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Institutional Investors Weigh In On Citizens Financial Group

Several large investors have recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the third quarter valued at $48,000. Finally, Friedenthal Financial purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth $50,000. 94.90% of the stock is owned by institutional investors.

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.