Citizens Financial Group, Inc. (NYSE:CFG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.80.

Several equities research analysts have issued reports on CFG shares. Evercore ISI cut their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Piper Sandler boosted their price target on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Stephens raised their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th.

Citizens Financial Group Stock Down 0.5 %

CFG stock opened at $45.81 on Tuesday. The business’s 50 day simple moving average is $41.73 and its 200 day simple moving average is $38.99. Citizens Financial Group has a 1-year low of $24.61 and a 1-year high of $48.35. The firm has a market capitalization of $20.19 billion, a PE ratio of 18.04, a PEG ratio of 1.84 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, research analysts anticipate that Citizens Financial Group will post 3.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. grew its holdings in Citizens Financial Group by 14.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,015 shares of the bank’s stock worth $363,000 after acquiring an additional 1,230 shares during the last quarter. Norden Group LLC acquired a new stake in Citizens Financial Group in the first quarter valued at $786,000. BNP Paribas Financial Markets raised its position in Citizens Financial Group by 2.8% during the 1st quarter. BNP Paribas Financial Markets now owns 510,183 shares of the bank’s stock worth $18,515,000 after purchasing an additional 14,105 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Citizens Financial Group by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 127,285 shares of the bank’s stock worth $4,619,000 after buying an additional 2,003 shares during the period. Finally, Graypoint LLC bought a new stake in Citizens Financial Group in the first quarter valued at approximately $253,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Company Profile

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.