Citizens Financial Group (NYSE:CFG) Given “Neutral” Rating at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Citizens Financial Group (NYSE:CFG) in a report issued on Monday morning, MarketBeat reports. Robert W. Baird currently has a $72.00 price objective on the bank’s stock.

Other analysts also recently issued reports about the company. Citigroup boosted their target price on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their target price on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, DA Davidson upped their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $73.35.

Citizens Financial Group Trading Up 0.0%

Shares of CFG opened at $72.14 on Monday. Citizens Financial Group has a twelve month low of $45.90 and a twelve month high of $72.94. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $30.51 billion, a P/E ratio of 17.06, a PEG ratio of 0.56 and a beta of 0.67. The firm’s 50-day moving average is $65.26 and its two-hundred day moving average is $62.88.

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

Citizens Financial Group Dividend Announcement

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

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Citizens Financial Group

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