Citizens Financial Group Inc. (NYSE:CFG) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued reports about the stock. Citigroup Inc. raised their price objective on shares of Citizens Financial Group from $23.00 to $26.00 in a research report on Thursday, September 8th. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Citizens Financial Group and gave the company a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 1st. 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 objective for the company. in a research report on Monday, November 14th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $29.21.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) traded up 1.04% during midday trading on Tuesday, reaching $32.11. 522,118 shares of the company’s stock were exchanged. The stock has a market cap of $16.64 billion, a PE ratio of 17.45 and a beta of 1.10. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $32.63. The firm has a 50 day moving average of $27.85 and a 200-day moving average of $24.08.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 21st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.40 earnings per share. Citizens Financial Group’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Citizens Financial Group will post $1.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of Citizens Financial Group by 227.0% in the third quarter. TIAA CREF Investment Management LLC now owns 5,655,964 shares of the company’s stock valued at $139,759,000 after buying an additional 3,926,440 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Citizens Financial Group during the second quarter valued at about $59,043,000. Canada Pension Plan Investment Board boosted its position in shares of Citizens Financial Group by 67.4% in the third quarter. Canada Pension Plan Investment Board now owns 7,125,937 shares of the company’s stock valued at $176,082,000 after buying an additional 2,870,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Citizens Financial Group by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,401,683 shares of the company’s stock valued at $327,706,000 after buying an additional 2,845,134 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Citizens Financial Group during the third quarter valued at about $67,785,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Citizens Financial Group Company Profile

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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