Citizens Financial Group (NYSE:CFG) Price Target Increased to $46.00 by Analysts at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $42.00 to $46.00 in a report released on Monday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 12.06% from the stock’s current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group lifted their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Morgan Stanley upped their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Raymond James started coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $42.60.

Citizens Financial Group Stock Performance

NYSE CFG traded up $0.25 on Monday, hitting $41.05. 877,379 shares of the company’s stock were exchanged, compared to its average volume of 5,382,485. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The firm’s 50-day moving average price is $41.17 and its two-hundred day moving average price is $37.39. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.43 and a beta of 1.08. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $43.96.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Citizens Financial Group’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group will post 3.24 EPS for the current year.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now directly owns 33,620 shares in the company, valued at $1,454,401.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group in the second quarter valued at $25,000. Versant Capital Management Inc lifted its stake in Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares in the last quarter. Private Ocean LLC boosted its position in Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares during the period. Quarry LP increased its holdings 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 valued at $37,000 after purchasing an additional 714 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of Citizens Financial Group in the second quarter worth approximately $48,000. 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.