Citizens Financial Group Inc. (CFG) Earns “Neutral” Rating from Wedbush
Citizens Financial Group Inc. (NYSE:CFG)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research report issued to clients and investors on Thursday. They currently have a $30.00 target price on the stock, down from their previous target price of $31.00. Wedbush’s price objective indicates a potential downside of 2.38% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Citigroup Inc. increased their price target on shares of Citizens Financial Group from $23.00 to $26.00 in a research report on Thursday, September 8th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 1st. Oppenheimer Holdings Inc. set a $25.00 price target on shares of Citizens Financial Group and gave the company a “buy” rating in a research report on Friday, October 21st. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Finally, 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 report on Monday. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.79.
Citizens Financial Group (NYSE:CFG) opened at 30.73 on Thursday. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 16.70 and a beta of 1.10. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $31.17. The firm has a 50-day moving average of $26.39 and a 200 day moving average of $23.56.
Citizens Financial Group (NYSE:CFG) last posted its 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. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The firm earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that Citizens Financial Group will post $1.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, October 31st. Citizens Financial Group’s dividend payout ratio is currently 25.95%.
A number of large investors have recently made changes to their positions in CFG. Tower Research Capital LLC TRC increased 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 in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Citizens Financial Group during the third quarter worth $106,000. 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 increased 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 in the last quarter. Finally, Global X Management Co. LLC increased 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 in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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