Citizens Financial Group Inc. (NYSE:CFG) – Equities researchers at Wedbush raised their FY2018 EPS estimates for Citizens Financial Group in a research note issued to investors on Monday. Wedbush analyst now expects that the brokerage will earn $2.39 per share for the year, up from their previous estimate of $2.37. Wedbush has a “Neutral” rating and a $31.00 price objective on the stock.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 21st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

CFG has been the subject of several other research reports. Sandler O’Neill downgraded 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. 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. Credit Suisse Group AG upped their price target on shares of Citizens Financial Group from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Citigroup Inc. upped their price target on shares of Citizens Financial Group from $23.00 to $26.00 in a research report on Thursday, September 8th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.86.

Citizens Financial Group (NYSE:CFG) traded up 3.140% during midday trading on Thursday, reaching $31.695. The company had a trading volume of 6,758,186 shares. Citizens Financial Group has a one year low of $18.04 and a one year high of $31.76. The company has a 50-day moving average price of $26.39 and a 200-day moving average price of $23.56. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 17.226 and a beta of 1.10.

A number of institutional investors have recently modified their holdings of CFG. HBK Investments L P acquired a new position in shares of Citizens Financial Group during the first quarter valued at approximately $892,000. Renaissance Technologies LLC acquired a new position in shares of Citizens Financial Group during the first quarter valued at approximately $33,774,000. National Pension Service boosted its position in shares of Citizens Financial Group by 4.5% in the first quarter. National Pension Service now owns 305,270 shares of the company’s stock valued at $6,395,000 after buying an additional 13,260 shares in the last quarter. Legal & General Group Plc boosted its position in shares of 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Citizens Financial Group by 1.0% in the first quarter. Envestnet Asset Management Inc. now owns 134,803 shares of the company’s stock valued at $2,824,000 after buying an additional 1,299 shares in the last quarter. 98.59% of the stock is owned by institutional investors.

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

Receive News & Stock Ratings for Citizens Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group Inc. and related stocks with our FREE daily email newsletter.