Citizens Financial Group Inc. (CFG) Now Covered by Analysts at Credit Suisse Group AG
Investment analysts at Credit Suisse Group AG began coverage on shares of Citizens Financial Group Inc. (NYSE:CFG) in a research report issued on Tuesday. The firm set a “neutral” rating and a $28.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential downside of 12.31% from the company’s previous close.
A number of other brokerages also recently issued reports on CFG. Citigroup Inc. boosted their price target on Citizens Financial Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 12th. Wedbush upped their target price on Citizens Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 24th. Sandler O’Neill downgraded Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Monday, November 14th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Finally, Oppenheimer Holdings Inc. set a $25.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $29.21.
Citizens Financial Group (NYSE:CFG) traded down 0.19% on Tuesday, hitting $31.87. 5,941,635 shares of the company were exchanged. The stock’s 50-day moving average price is $27.02 and its 200-day moving average price is $23.77. Citizens Financial Group has a 52-week low of $18.04 and a 52-week high of $32.26. The stock has a market capitalization of $16.51 billion, a P/E ratio of 17.32 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $0.40 earnings per share. Citizens Financial Group’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Citizens Financial Group will post $1.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.
Several institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $22,181,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $200,000. Dai Ichi Life Holdings Inc. acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $4,902,000. Picton Mahoney Asset Management acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $617,000. Finally, SRB Corp raised its position in shares of Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares during the period. 96.20% 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.
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.