Citizens Financial Group Inc. (NYSE:CFG) was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $31.00 target price on the stock. Sandler O’Neill’s target price points to a potential upside of 0.19% from the stock’s current price.

CFG has been the topic of a number of other reports. TheStreet upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 1st. Citigroup Inc. upped their price objective on Citizens Financial Group from $23.00 to $26.00 in a report on Thursday, September 8th. Deutsche Bank AG cut Citizens Financial Group from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Tuesday, November 8th. Finally, Credit Suisse Group AG upped 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $28.38.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Shares of Citizens Financial Group (NYSE:CFG) opened at 30.94 on Monday. The firm’s 50-day moving average price is $25.84 and its 200 day moving average price is $23.40. The company has a market cap of $16.03 billion, a PE ratio of 16.82 and a beta of 1.10. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $30.00.

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

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

A number of institutional investors have recently bought and sold shares of CFG. RDL Financial Inc. acquired a new position in Citizens Financial Group during the second quarter valued at approximately $310,000. Renaissance Technologies LLC acquired a new position in Citizens Financial Group during the first quarter valued at approximately $33,774,000. ING Groep NV raised its position in 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. Legal & General Group Plc raised its position in 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 raised its position in 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. 98.59% of the stock is currently owned by hedge funds and other 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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