Citizens Financial Group (NYSE:CFG) Price Target Raised to $77.00 at Evercore ISI

Citizens Financial Group (NYSE:CFG) had its target price upped by Evercore ISI from $69.00 to $77.00 in a research report sent to investors on Thursday morning, MarketBeat reports. The firm currently has an outperform rating on the bank’s stock.

CFG has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Argus boosted their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. TD Cowen increased their target price on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. DA Davidson lifted their price target on Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their price objective on Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $66.58 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $67.50. The stock has a market capitalization of $28.60 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.54 and a beta of 0.72. The stock has a fifty day moving average of $60.02 and a 200-day moving average of $54.09.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, sell-side analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently modified their holdings of the company. GoalVest Advisory LLC raised its position in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares in the last quarter. Activest Wealth Management grew its stake in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the period. True Wealth Design LLC increased its holdings in Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares in the last quarter. REAP Financial Group LLC lifted its stake in Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after buying an additional 309 shares during the period. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after buying an additional 794 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.