Citizens Financial Group (NYSE:CFG) Given New $82.00 Price Target at UBS Group

Citizens Financial Group (NYSE:CFG) had its target price boosted by equities research analysts at UBS Group from $75.00 to $82.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. UBS Group’s price objective would suggest a potential upside of 13.53% from the company’s previous close.

Several other research firms have also recently commented on CFG. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Citizens Financial Group in a report on Tuesday, June 9th. Citigroup lowered shares of Citizens Financial Group from a “buy” rating to a “neutral” rating in a research report on Monday. Morgan Stanley increased their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, DA Davidson lifted their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $74.35.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $72.23 on Tuesday. The company has a fifty day moving average price of $65.26 and a 200 day moving average price of $62.88. The firm has a market cap of $30.54 billion, a PE ratio of 17.05, a PEG ratio of 0.56 and a beta of 0.67. 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 has a 1-year low of $45.90 and a 1-year high of $72.94.

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

Insider Buying and Selling at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $355,909,000. AQR Capital Management LLC increased its position in Citizens Financial Group by 56.9% during the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock worth $451,075,000 after buying an additional 2,799,050 shares during the last quarter. Victory Capital Management Inc. increased its position in Citizens Financial Group by 89.4% during the fourth quarter. Victory Capital Management Inc. now owns 4,731,592 shares of the bank’s stock worth $276,372,000 after buying an additional 2,232,806 shares during the last quarter. Amundi raised its stake in Citizens Financial Group by 136.4% in the fourth quarter. Amundi now owns 3,513,388 shares of the bank’s stock valued at $205,217,000 after buying an additional 2,027,255 shares during the period. Finally, Capital International Investors raised its stake in Citizens Financial Group by 32.3% in the fourth quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock valued at $467,389,000 after buying an additional 1,953,372 shares during the period. Institutional investors own 94.90% of the company’s stock.

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.