Sanford C. Bernstein cut shares of Citizens Financial Group Inc. (NYSE:CFG) from an outperform rating to a market perform rating in a research report report published on Wednesday morning. They currently have $32.00 target price on the stock, up from their prior target price of $29.00.

Several other brokerages 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. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Citizens Financial Group in a research note on Tuesday. Sandler O’Neill lowered shares of Citizens Financial Group from a buy rating to a hold rating and set a $31.00 price target for the company. in a research note on Monday. Zacks Investment Research upgraded shares of Citizens Financial Group from a hold rating to a buy rating and set a $33.00 price target for the company 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 price objective for the company. in a research note on Tuesday, November 8th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $28.86.

Citizens Financial Group (NYSE:CFG) traded up 2.38% on Wednesday, reaching $31.46. 2,985,420 shares of the company’s stock were exchanged. The company has a market cap of $16.30 billion, a PE ratio of 17.10 and a beta of 1.10. The firm’s 50 day moving average price is $26.39 and its 200 day moving average price is $23.56. Citizens Financial Group has a 52-week low of $18.04 and a 52-week high of $31.49.

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 Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company earned $1.38 billion during 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%. Citizens Financial Group’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. On average, analysts expect that Citizens Financial Group will post $1.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, October 31st. Citizens Financial Group’s payout ratio is 25.95%.

Several institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. increased its position in Citizens Financial Group by 0.3% in the second quarter. Baird Financial Group Inc. now owns 53,580 shares of the company’s stock worth $1,071,000 after buying an additional 145 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Citizens Financial Group by 1.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,559 shares of the company’s stock worth $335,000 after buying an additional 225 shares during the last quarter. Pinnacle Holdings LLC increased its position in Citizens Financial Group by 1.3% in the second quarter. Pinnacle Holdings LLC now owns 18,705 shares of the company’s stock worth $374,000 after buying an additional 245 shares during the last quarter. World Asset Management Inc increased its position in Citizens Financial Group by 0.5% in the third quarter. World Asset Management Inc now owns 52,138 shares of the company’s stock worth $1,288,000 after buying an additional 282 shares during the last quarter. Finally, University of Notre Dame DU Lac increased its position in Citizens Financial Group by 0.3% in the third quarter. University of Notre Dame DU Lac now owns 92,012 shares of the company’s stock worth $2,274,000 after buying an additional 319 shares during the last quarter. 98.59% 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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