Citizens Financial Group Inc (NYSE:CFG) issued its quarterly earnings data on Thursday. The bank reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.10. Citizens Financial Group had a return on equity of 5.19% and a net margin of 18.13%. The company earned $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. Citizens Financial Group’s revenue was up 12.2% compared to the same quarter last year.

Citizens Financial Group (NYSE:CFG) opened at 34.22 on Thursday. Citizens Financial Group has a 12 month low of $18.34 and a 12 month high of $39.75. The stock has a 50 day moving average price of $35.69 and a 200 day moving average price of $33.45. The stock has a market capitalization of $17.42 billion, a P/E ratio of 17.37 and a beta of 1.36.

Earnings History for Citizens Financial Group (NYSE:CFG)

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Several equities analysts recently weighed in on CFG shares. Citigroup Inc reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Sunday, January 22nd. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Sunday, January 22nd. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Keefe, Bruyette & Woods set a $40.00 target price on Citizens Financial Group and gave the company a “buy” rating in a research report on Tuesday, April 4th. Finally, Barclays PLC lifted their target price on Citizens Financial Group from $27.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.45.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Citizens Financial Group during the fourth quarter worth $224,885,000. The Manufacturers Life Insurance Company bought a new position in shares of Citizens Financial Group during the third quarter worth $67,785,000. Russell Investments Group Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter worth $75,925,000. FMR LLC raised its position in shares of Citizens Financial Group by 776.6% in the fourth quarter. FMR LLC now owns 2,125,912 shares of the bank’s stock worth $75,746,000 after buying an additional 1,883,392 shares in the last quarter. Finally, State Street Corp raised its position in shares of Citizens Financial Group by 6.1% in the fourth quarter. State Street Corp now owns 28,895,376 shares of the bank’s stock worth $1,029,548,000 after buying an additional 1,648,956 shares in the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

5 Day Chart for NYSE:CFG

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