Royal Bank Of Canada Raises Citizens Financial Group (NYSE:CFG) Price Target to $70.00

Citizens Financial Group (NYSE:CFG) had its price target hoisted by Royal Bank Of Canada from $67.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 7.03% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $62.00 to $66.00 in a report on Wednesday, January 7th. Morgan Stanley cut their target price on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Evercore upped their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. TD Cowen upped their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $70.90.

Citizens Financial Group Stock Up 1.5%

Shares of Citizens Financial Group stock traded up $1.00 on Friday, hitting $65.41. 891,080 shares of the company’s stock traded hands, compared to its average volume of 5,221,230. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $61.47 and its 200 day moving average is $57.98. Citizens Financial Group has a 52-week low of $33.95 and a 52-week high of $68.79. The stock has a market cap of $27.80 billion, a P/E ratio of 16.91, a PEG ratio of 0.53 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group will post 3.92 earnings per share for the current year.

Insider Activity

In other news, insider Susan Lamonica sold 13,258 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CFG. NewEdge Advisors LLC raised its stake in shares of Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after buying an additional 554 shares in the last quarter. Woodline Partners LP boosted its position in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Citizens Financial Group by 5.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after purchasing an additional 3,225 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

More Citizens Financial Group News

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Q1 beat: Citizens reported EPS $1.13 vs. $1.10 consensus and revenue of $2.17B (up 12% YoY); net income was $517M, EPS up ~47% YoY — core results and NII/fee income strength support the rally. Press Release / Slide Deck
• Positive Sentiment: Analyst upgrades/price-target raises: Keefe, Bruyette & Woods bumped its PT to $72 and kept an “outperform” rating — a material upside vs. the recent price that can attract buyers. Benzinga
• Positive Sentiment: Truist raised its price target to $69 (hold) — another upward revision that supports the stock’s positive tone. Benzinga
• Positive Sentiment: Dividend declared: quarterly dividend of $0.46/share (ex‑div 4/30; payable 5/14) — raises cash yield to ~2.9%, which can support demand from income investors.
• Neutral Sentiment: Earnings call/transcripts are available for detail — management commentary will determine whether the beat drives durable upside (links to full transcripts for active investors). InsiderMonkey Transcript Seeking Alpha Transcript
• Negative Sentiment: Sentiment friction: shares dipped nearly 1% in pre‑market trade after investors flagged rising expenses despite the top‑line beat — if expense pressure persists it could cap multiple expansion. Zacks

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.