Citizens Financial Group Inc. (NYSE:CFG) had its price objective upped by analysts at Citigroup Inc. from $26.00 to $29.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 14.85% from the company’s current price.

Other equities analysts also recently issued reports about the company. TheStreet raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Tuesday, July 12th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.15.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, July 21st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Citizens Financial Group had a return on equity of 4.62% and a net margin of 16.72%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.40 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position 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 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 during the last quarter. JPMorgan Chase & Co. increased its stake in 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in 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 during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in 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 during the last quarter. 95.72% of the stock is currently 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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