Jefferies Financial Group Increases Citizens Financial Group (NYSE:CFG) Price Target to $37.00

Citizens Financial Group (NYSE:CFG) had its target price increased by analysts at Jefferies Financial Group from $36.00 to $37.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price objective points to a potential upside of 2.64% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Piper Sandler upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $41.00 in a report on Friday, April 26th. Argus lifted their price target on shares of Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price target on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Evercore ISI lifted their price objective on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $37.73.

Citizens Financial Group Trading Down 0.9 %

NYSE CFG opened at $36.05 on Wednesday. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $37.30. The firm has a 50-day moving average price of $35.22 and a 200 day moving average price of $33.85. The stock has a market capitalization of $16.40 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. Equities research analysts expect that Citizens Financial Group will post 3.16 EPS for the current year.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the transaction, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $33,000. Quarry LP raised its position in shares of Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after buying an additional 714 shares during the period. CVA Family Office LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at $40,000. Blue Trust Inc. grew its position in Citizens Financial Group by 77.6% during the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after acquiring an additional 574 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Citizens Financial Group by 40.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after acquiring an additional 472 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.