Citizens Financial Group, Inc. (NYSE:CFG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $78.55.

Several research analysts have commented on the stock. DA Davidson increased their price objective on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 17th. Truist Financial lifted their target price on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird boosted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Morgan Stanley increased their price target on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, July 17th.

Citizens Financial Group Price Performance

CFG stock opened at $72.44 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The company’s fifty day moving average price is $67.05 and its 200-day moving average price is $63.91. Citizens Financial Group has a one year low of $45.90 and a one year high of $74.70. The company has a market capitalization of $30.63 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.55 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. Citizens Financial Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that Citizens Financial Group will post 5.29 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is currently 39.91%.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Citizens Financial Group in the 4th quarter worth $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Citizens Financial Group in the 1st quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Citizens Financial Group in the 4th quarter valued at about $29,000. Activest Wealth Management grew its position in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.