Citizens Financial Group (NYSE:CFG – Get Free Report) had its target price raised by stock analysts at Robert W. Baird from $72.00 to $75.00 in a note issued to investors on Friday, Marketbeat.com reports. The firm currently has a “neutral” rating on the bank’s stock. Robert W. Baird’s target price indicates a potential upside of 3.67% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Truist Financial boosted their price target on shares of Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research note on Monday, July 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.85.
View Our Latest Stock Report on Citizens Financial Group
Citizens Financial Group Trading Down 2.8%
Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Citizens Financial Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Citizens Financial Group will post 5.25 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.67% of the company’s stock.
Institutional Trading of Citizens Financial Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Citizens Financial Group during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in Citizens Financial Group in the 1st quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Citizens Financial Group in the 4th quarter valued at about $29,000. Activest Wealth Management boosted its stake in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Citizens Financial Group by 319.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Trending Headlines about Citizens Financial Group
Here are the key news stories impacting Citizens Financial Group this week:
- Positive Sentiment: Citizens Financial reported better-than-expected Q2 2026 results, with EPS of $1.30 versus $1.25 expected and revenue of $2.28 billion versus $2.25 billion expected, driven by stronger net interest income and fee growth. Reuters article
- Positive Sentiment: The company said net income rose 35% year over year to $587 million and EPS increased 41% year over year, reinforcing momentum in profitability. Business Wire article
- Positive Sentiment: Several analysts raised price targets after the earnings release, including Keefe, Bruyette & Woods to $90, RBC to $79, Barclays to $81, and Baird to $75, signaling improving Wall Street sentiment. Benzinga article
- Positive Sentiment: Analysts also highlighted a raised net interest margin outlook and solid private bank growth, which may support expectations for continued earnings strength. Read More.
- Positive Sentiment: The company declared a quarterly dividend of $0.46 per share, underscoring capital return to shareholders.
About Citizens Financial Group
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.
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