Citizens Financial Group Inc (CFG) Receives Average Rating of “Hold” from Analysts

Shares of Citizens Financial Group Inc (NYSE:CFG) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.36.

A number of research firms have recently issued reports on CFG. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Finally, Sanford C. Bernstein set a $52.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, January 22nd.

In related news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now directly owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. lifted its position in shares of Citizens Financial Group by 23.6% in the third quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock valued at $290,000 after acquiring an additional 1,458 shares in the last quarter. Intrust Bank NA lifted its position in shares of Citizens Financial Group by 17.6% in the fourth quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock valued at $450,000 after acquiring an additional 1,604 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Citizens Financial Group by 20.4% in the third quarter. Eqis Capital Management Inc. now owns 9,470 shares of the bank’s stock valued at $359,000 after acquiring an additional 1,607 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Citizens Financial Group by 2.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 79,799 shares of the bank’s stock valued at $3,022,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Citizens Financial Group by 8.5% in the third quarter. Moors & Cabot Inc. now owns 20,824 shares of the bank’s stock valued at $788,000 after acquiring an additional 1,637 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Citizens Financial Group (NYSE:CFG) opened at $43.96 on Tuesday. The stock has a market capitalization of $21,580.00, a price-to-earnings ratio of 13.44, a PEG ratio of 0.72 and a beta of 1.39. Citizens Financial Group has a 52 week low of $31.51 and a 52 week high of $48.23. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. research analysts predict that Citizens Financial Group will post 3.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 2.00%. Citizens Financial Group’s payout ratio is 26.91%.

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Citizens Financial Group Company Profile

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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