Shares of Citizens Financial Group Inc. (NYSE:CFG) reached a new 52-week high during mid-day trading on Wednesday after Wedbush raised their price target on the stock from $31.00 to $34.00. Wedbush currently has a neutral rating on the stock. Citizens Financial Group traded as high as $33.33 and last traded at $33.32, with a volume of 2,571,752 shares changing hands. The stock had previously closed at $32.39.

A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $36.00 in a research report on Tuesday. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Credit Suisse Group AG assumed coverage on Citizens Financial Group in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $28.00 price target on the stock. Piper Jaffray Cos. downgraded Citizens Financial Group from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Wednesday, November 16th. Finally, Sanford C. Bernstein downgraded Citizens Financial Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $29.00 to $32.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.87.

Several large investors have recently modified their holdings of the stock. Capital Analysts LLC boosted its stake in shares of Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock valued at $111,000 after buying an additional 1,462 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of Citizens Financial Group during the third quarter valued at about $106,000. Global X Management Co. LLC boosted its stake in shares of Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock valued at $116,000 after buying an additional 2,814 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock valued at $105,000 after buying an additional 4,729 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Citizens Financial Group during the second quarter valued at about $110,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 18.10 and a beta of 1.10. The stock’s 50 day moving average is $27.85 and its 200 day moving average is $24.08.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group Inc. will post $1.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Investors 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 1.48%. Citizens Financial Group’s payout ratio is 25.95%.

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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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