Citizens Financial Group, Inc. (NYSE:CFG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $71.3571.

Several brokerages recently commented on CFG. Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, April 21st. Stephens began coverage on Citizens Financial Group in a report on Monday, June 15th. They issued an “equal weight” rating on the stock. DA Davidson upped their price target on Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Truist Financial upped their price target on Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday.

Insider Activity

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Citizens Financial Group

Large investors have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Citizens Financial Group during the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Citizens Financial Group during the 1st quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Citizens Financial Group in the fourth quarter worth $29,000. Activest Wealth Management boosted its holdings in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Citizens Financial Group in the fourth quarter worth $35,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $70.33 on Friday. Citizens Financial Group has a 12-month low of $44.03 and a 12-month high of $71.21. The company has a market cap of $29.74 billion, a PE ratio of 16.63, a P/E/G ratio of 0.56 and a beta of 0.68. The stock has a 50 day simple moving average of $64.54 and a 200-day simple moving average of $62.29. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Citizens Financial Group will post 5.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. Citizens Financial Group’s dividend payout ratio is currently 43.50%.

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.