Citizens Financial Group Inc. (NYSE:CFG)‘s stock had its “market perform” rating reissued by research analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Tuesday.

A number of other analysts have also issued reports on CFG. Citigroup Inc. lowered shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. Wedbush upped their target price on shares of Citizens Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 24th. Sandler O’Neill lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Monday. Finally, Deutsche Bank AG lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Tuesday, November 8th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.38.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) opened at 30.88 on Tuesday. Citizens Financial Group has a 52-week low of $18.04 and a 52-week high of $31.01. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 16.78 and a beta of 1.10. The firm’s 50-day moving average is $25.84 and its 200-day moving average is $23.40.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Analysts predict that Citizens Financial Group will post $1.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, October 31st. Citizens Financial Group’s payout ratio is currently 25.95%.

Large investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased its stake in Citizens Financial Group by 227.0% in the third quarter. TIAA CREF Investment Management LLC now owns 5,655,964 shares of the company’s stock valued at $139,759,000 after buying an additional 3,926,440 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Citizens Financial Group during the second quarter valued at $59,043,000. Canada Pension Plan Investment Board increased its stake in shares of Citizens Financial Group by 67.4% in the third quarter. Canada Pension Plan Investment Board now owns 7,125,937 shares of the company’s stock valued at $176,082,000 after buying an additional 2,870,000 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 valued at $327,706,000 after buying an additional 2,845,134 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Citizens Financial Group during the third quarter valued at $67,785,000. 98.59% of the stock is owned by institutional investors and hedge funds.

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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