Several other brokerages also recently issued reports on CFG. Barclays reduced their price objective on Citizens Financial Group from $51.00 to $41.00 and set an equal weight rating on the stock in a research report on Wednesday, January 2nd. Goldman Sachs Group upgraded Citizens Financial Group to a buy rating and reduced their price objective for the company from $44.00 to $40.00 in a research report on Monday, January 7th. Zacks Investment Research lowered Citizens Financial Group from a buy rating to a hold rating in a research note on Thursday, December 20th. Citigroup upgraded Citizens Financial Group from a neutral rating to a buy rating and dropped their target price for the company from $41.00 to $37.00 in a research note on Wednesday, January 9th. Finally, Royal Bank of Canada upgraded Citizens Financial Group from a sector perform rating to an outperform rating in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Citizens Financial Group presently has a consensus rating of Buy and a consensus target price of $41.36.
Shares of NYSE:CFG opened at $35.70 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $43.51. The firm has a market capitalization of $16.28 billion, a PE ratio of 10.03, a P/E/G ratio of 1.13 and a beta of 1.41.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $0.78 earnings per share. On average, equities analysts anticipate that Citizens Financial Group will post 3.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.32 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.28 annualized dividend and a yield of 3.59%. Citizens Financial Group’s payout ratio is currently 35.96%.
Institutional investors have recently added to or reduced their stakes in the stock. Brookmont Capital Management increased its stake in Citizens Financial Group by 13.2% in the fourth quarter. Brookmont Capital Management now owns 6,796 shares of the bank’s stock valued at $202,000 after purchasing an additional 791 shares during the last quarter. Hotaling Investment Management LLC acquired a new stake in Citizens Financial Group during the fourth quarter worth about $1,997,000. Morgan Stanley increased its stake in Citizens Financial Group by 28.6% during the third quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock worth $112,917,000 after acquiring an additional 650,344 shares during the last quarter. Seacliff Capital LLC acquired a new stake in Citizens Financial Group during the fourth quarter worth about $5,946,000. Finally, Advisor Partners LLC increased its stake in Citizens Financial Group by 68.0% during the fourth quarter. Advisor Partners LLC now owns 10,810 shares of the bank’s stock worth $321,000 after acquiring an additional 4,374 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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