Citizens Financial Group (NYSE:CFG – Get Free Report) had its price objective lifted by equities researchers at Cantor Fitzgerald from $80.00 to $84.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 14.36% from the stock’s previous close.
A number of other research firms have also weighed in on CFG. Truist Financial lifted their price objective on shares of Citizens Financial Group from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley raised their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Robert W. Baird lifted their target price on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their price target on shares of Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.
Check Out Our Latest Analysis on CFG
Citizens Financial Group Stock Down 1.2%
Citizens Financial Group (NYSE:CFG – Get Free Report) last released its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Citizens Financial Group will post 5.3 earnings per share for the current year.
Insider Activity at Citizens Financial Group
In other news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.
Hedge Funds Weigh In On Citizens Financial Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its holdings in Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after purchasing an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Citizens Financial Group during the 1st quarter worth $27,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $29,000. 94.90% of the stock is owned by institutional investors and hedge funds.
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.
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