Citizens Financial Group Inc. (NYSE:CFG) has received a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.50.

CFG has been the subject of several analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Citizens Financial Group in a research note on Wednesday, June 15th. Citigroup Inc. reissued a “buy” rating on shares of Citizens Financial Group in a research note on Wednesday, June 29th. Wells Fargo & Co. reissued a “buy” rating on shares of Citizens Financial Group in a research note on Saturday, July 9th. Barclays PLC restated a “hold” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th.

Several large investors have recently made changes to their positions in CFG. State Street Corp increased its stake in shares of Citizens Financial Group by 7.3% in the second quarter. State Street Corp now owns 25,612,033 shares of the company’s stock worth $511,744,000 after buying an additional 1,742,434 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Citizens Financial Group by 2.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 21,946,583 shares of the company’s stock worth $438,493,000 after buying an additional 565,866 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock worth $434,694,000 after buying an additional 2,594,312 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Citizens Financial Group by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,401,683 shares of the company’s stock worth $327,706,000 after buying an additional 2,845,134 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Citizens Financial Group by 4.8% in the second quarter. Lord Abbett & CO. LLC now owns 11,471,620 shares of the company’s stock worth $229,203,000 after buying an additional 528,729 shares in the last quarter. 95.72% of the stock is currently owned by institutional investors.

Citizens Financial Group (NYSE:CFG) opened at 25.50 on Thursday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 15.10 and a beta of 1.19. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $27.17. The firm has a 50-day moving average of $24.44 and a 200 day moving average of $22.63.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. The business earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Citizens Financial Group will post $1.85 earnings per share for the current fiscal year.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

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