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.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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.

5 Day Chart for NYSE:CFG

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