Citizens Financial Group Inc. (CFG) Downgraded by Citigroup Inc.
CFG has been the topic of several other reports. TheStreet upgraded shares of Citizens Financial Group from a hold rating to a buy rating in a research note on Friday, September 23rd. Zacks Investment Research raised shares of Citizens Financial Group from a hold rating to a buy rating and set a $30.00 price target on the stock in a report on Tuesday, November 1st. Deutsche Bank AG lowered shares of Citizens Financial Group from a buy rating to a hold rating and set a $27.00 price target on the stock. in a report on Tuesday, November 8th. Credit Suisse Group AG increased their price target on shares of Citizens Financial Group from $23.00 to $26.00 and gave the stock a neutral rating in a report on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. set a $25.00 price target on shares of Citizens Financial Group and gave the stock a buy rating in a report on Friday, October 21st. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $28.86.
Citizens Financial Group (NYSE:CFG) opened at 31.73 on Tuesday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 17.24 and a beta of 1.10. The company has a 50-day moving average of $26.60 and a 200 day moving average of $23.62. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $31.80.
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 business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities analysts expect that Citizens Financial Group will post $1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.51%. Citizens Financial Group’s payout ratio is currently 25.95%.
Several large investors have recently bought and sold shares of CFG. RDL Financial Inc. bought a new stake in Citizens Financial Group during the second quarter valued at approximately $310,000. Renaissance Technologies LLC bought a new stake in Citizens Financial Group during the first quarter valued at approximately $33,774,000. ING Groep NV boosted its stake 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 in the last quarter. Legal & General Group Plc boosted its stake 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake 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 in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.
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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