Citizens Financial Group Inc. (NYSE:CFG) – Jefferies Group issued their FY2018 earnings per share estimates for shares of Citizens Financial Group in a research note issued to investors on Friday. Jefferies Group analyst K. Usdin expects that the firm will post earnings of $2.30 per share for the year.

Citizens Financial Group (NYSE:CFG) last released its 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 firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

A number of other research firms also recently commented on CFG. Wedbush initiated coverage on Citizens Financial Group in a report on Thursday, October 6th. They issued an “outperform” rating and a $29.00 price objective on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $26.00 target price on shares of Citizens Financial Group in a research report on Thursday, October 6th. Credit Suisse Group AG upped their target price on Citizens Financial Group from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. TheStreet raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Finally, Zacks Investment Research raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.23.

Citizens Financial Group (NYSE:CFG) traded down 2.27% during mid-day trading on Monday, reaching $24.96. 7,268,900 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $24.50 and its 200 day moving average price is $22.67. The stock has a market capitalization of $12.97 billion, a PE ratio of 14.78 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.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $33,774,000. ING Groep NV boosted its position in shares of Citizens Financial Group by 34.7% in the second quarter. ING Groep NV now owns 700,716 shares of the company’s stock valued at $14,000,000 after buying an additional 180,605 shares during the period. Geode Capital Management LLC boosted its position in shares of Citizens Financial Group by 30.5% in the first quarter. Geode Capital Management LLC now owns 4,386,735 shares of the company’s stock valued at $91,720,000 after buying an additional 1,026,505 shares during the period. Legal & General Group Plc boosted its position in shares of Citizens Financial Group by 15.5% in the first quarter. Legal & General Group Plc now owns 2,229,891 shares of the company’s stock valued at $46,718,000 after buying an additional 298,672 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Citizens Financial Group by 2,882.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 271,110 shares of the company’s stock valued at $5,680,000 after buying an additional 262,019 shares during the period. 95.72% of the stock is owned by hedge funds and other institutional investors.

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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