Citizens Financial Group (NYSE:CFG – Get Free Report) had its target price hoisted by equities research analysts at Barclays from $77.00 to $81.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Barclays‘s price objective would suggest a potential upside of 11.97% from the company’s previous close.
Several other equities analysts also recently issued reports on CFG. Cantor Fitzgerald lifted their price target on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Robert W. Baird upped their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective 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. Finally, Truist Financial lifted their target price 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. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $77.85.
Read Our Latest Research Report on CFG
Citizens Financial Group Stock Performance
Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Citizens Financial Group will post 5.25 EPS for the current fiscal year.
Insider Buying and Selling
In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Citizens Financial Group
A number of large investors have recently modified their holdings of CFG. University of Texas Texas AM Investment Management Co. bought a new position in Citizens Financial Group in the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group during the 1st quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Citizens Financial Group in the 4th quarter valued at $29,000. Activest Wealth Management boosted its position in Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after buying an additional 504 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased 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 valued at $30,000 after buying an additional 323 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting 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.
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.
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