Shares of Citizens Financial Group, Inc. (NYSE:CFG) have received an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.88.

CFG has been the topic of several analyst reports. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, July 4th. Deutsche Bank AG reissued a “hold” rating on shares of Citizens Financial Group in a research note on Wednesday, July 5th. BidaskClub cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Sanford C. Bernstein raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $43.00 in a research note on Thursday, September 14th. Finally, TheStreet cut Citizens Financial Group from a “b-” rating to a “c” rating in a research note on Monday, June 26th.

Shares of Citizens Financial Group (CFG) opened at 37.81 on Wednesday. The company’s 50-day moving average price is $35.15 and its 200 day moving average price is $35.30. Citizens Financial Group has a one year low of $24.22 and a one year high of $39.75. The stock has a market capitalization of $18.93 billion, a PE ratio of 16.14 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that Citizens Financial Group will post $2.54 EPS for the current year.

Citizens Financial Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that allows the company to buyback $850.00 million in shares. This buyback authorization allows the bank to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Citizens Financial Group by 2.6% during the second quarter. Vanguard Group Inc. now owns 53,188,129 shares of the bank’s stock valued at $1,897,753,000 after buying an additional 1,328,293 shares during the period. BlackRock Inc. boosted its position in shares of Citizens Financial Group by 5.8% during the second quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock valued at $1,610,961,000 after buying an additional 2,458,123 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Citizens Financial Group by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 17,408,929 shares of the bank’s stock valued at $621,151,000 after buying an additional 581,232 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Citizens Financial Group by 1.3% during the second quarter. Artisan Partners Limited Partnership now owns 9,310,713 shares of the bank’s stock valued at $332,206,000 after buying an additional 119,788 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Citizens Financial Group by 2,682.0% during the second quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock valued at $290,393,000 after buying an additional 7,846,303 shares during the period. Institutional investors and hedge funds own 96.76% of the company’s stock.

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.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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