Citizens Financial Group Inc. (NYSE:CFG) has received an average recommendation of “Buy” from the fourteen research firms that are currently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.89.

Several equities analysts have commented on CFG shares. Zacks Investment Research upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Credit Suisse Group AG increased their price objective on shares of Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Citigroup Inc. increased their price objective on shares of Citizens Financial Group from $23.00 to $26.00 in a research report on Thursday, September 8th. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Finally, Wedbush started coverage on shares of Citizens Financial Group in a research report on Thursday, October 6th. They set an “outperform” rating and a $29.00 price objective for the company.

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake 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 worth $105,000 after buying an additional 4,729 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Citizens Financial Group during the second quarter worth $110,000. Capital Analysts LLC raised its stake 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 during the last quarter. Global X Management Co. LLC raised its stake in shares of Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock worth $116,000 after buying an additional 2,814 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its stake 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 during the last quarter. Institutional investors own 95.76% of the company’s stock.

Citizens Financial Group (NYSE:CFG) opened at 29.85 on Thursday. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $30.00. The stock has a market cap of $15.47 billion, a PE ratio of 16.22 and a beta of 1.10. The company’s 50 day moving average is $25.84 and its 200 day moving average is $23.40.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 21st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.40 earnings per share. Citizens Financial Group’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts anticipate that Citizens Financial Group will post $1.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. Citizens Financial Group’s payout ratio is 25.95%.

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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