Citizens Financial Group (NYSE:CFG – Get Free Report) had its price objective increased by research analysts at UBS Group from $75.00 to $82.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. UBS Group’s price objective suggests a potential upside of 13.53% from the company’s current price.
A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial increased their target price on Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Citigroup downgraded Citizens Financial Group from a “buy” rating to a “neutral” rating in a research note on Monday. Morgan Stanley upped their price objective on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Evercore reissued an “outperform” rating and issued a $80.00 target price on shares of Citizens Financial Group in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.35.
View Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Price Performance
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. Citizens Financial Group’s revenue was up 12.0% compared to the same quarter last year. Equities analysts forecast that Citizens Financial Group will post 5.2 EPS for the current year.
Insider Buying and Selling at Citizens Financial Group
In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.
Institutional Trading of Citizens Financial Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after acquiring an additional 172 shares during the last quarter. AA Financial Advisors LLC lifted its stake in Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares during the last quarter. Inscription Capital LLC boosted its holdings in shares of Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after purchasing an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of Citizens Financial Group by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in shares of Citizens Financial Group by 19.8% in the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.
About Citizens Financial Group
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.
Further Reading
- Five stocks we like better than Citizens Financial Group
- Big Beautiful Boycott: Can It Really Hurt Coca-Cola, Amazon, and Kraft Heinz Stocks?
- 3 Stocks With Solid Yields and Sustainabale Payouts Boost Dividends Once Again
- 2 Short Squeezes for Summer Speculation: What the Bears Are Getting Wrong
- How TeraWulf’s Anthropic Deal Booted Up a $19B AI Empire
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
