Citizens Financial Group Inc. (NYSE:CFG) – Investment analysts at Jefferies Group reduced their Q4 2016 earnings estimates for Citizens Financial Group in a note issued to investors on Tuesday. Jefferies Group analyst K. Usdin now forecasts that the brokerage will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.51.

Citizens Financial Group (NYSE:CFG) last issued 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 return on equity of 4.62% and a net margin of 16.72%. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.40 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis.

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

A number of other equities analysts have also recently issued reports on the company. Citigroup Inc. restated a “buy” rating on shares of Citizens Financial Group in a report on Wednesday, June 29th. Credit Suisse Group AG boosted their price objective on Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Wedbush initiated coverage on Citizens Financial Group in a report on Thursday, October 6th. They set an “outperform” rating and a $29.00 price objective for the company. Finally, TheStreet upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Buy” and an average price target of $27.46.

Citizens Financial Group (NYSE:CFG) opened at 24.79 on Friday. The stock’s 50 day moving average price is $24.65 and its 200 day moving average price is $22.74. Citizens Financial Group has a one year low of $18.04 and a one year high of $27.17. The company has a market capitalization of $12.88 billion, a P/E ratio of 14.68 and a beta of 1.19.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock valued at $105,000 after buying an additional 4,729 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Citizens Financial Group during the second quarter worth $110,000. Capital Analysts LLC raised its position in shares of Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock worth $111,000 after buying an additional 1,462 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Citizens Financial Group by 90.1% in the second quarter. Acrospire Investment Management LLC now owns 6,465 shares of the company’s stock worth $129,000 after buying an additional 3,065 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Citizens Financial Group during the second quarter worth $142,000. 95.72% of the stock is currently owned by institutional investors.

Citizens Financial Group Company Profile

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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