Citizens Financial Group, Inc. (NYSE:CFG) Receives $79.05 Average Target Price from Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFGGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $79.25.

Several research firms have recently weighed in on CFG. Royal Bank Of Canada upped their target price 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. Stephens lifted their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Citigroup boosted their price target on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd.

Get Our Latest Stock Report on CFG

Insider Buying and Selling

In related news, CEO Saun Bruce Van sold 129,369 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Citizens Financial Group

Several large investors have recently made changes to their positions in CFG. BlackRock Inc. acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $3,415,046,000. Norges Bank acquired a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $355,909,000. Bank of America Corp DE acquired a new position in shares of Citizens Financial Group during the second quarter worth approximately $223,386,000. Legal & General Group Plc bought a new stake in shares of Citizens Financial Group during the second quarter valued at approximately $207,234,000. Finally, AQR Capital Management LLC grew its stake in shares of Citizens Financial Group by 56.9% during the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after purchasing an additional 2,799,050 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.0%

NYSE CFG opened at $69.84 on Monday. The stock’s 50 day moving average is $71.15 and its two-hundred day moving average is $65.57. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.53 and a beta of 0.67. Citizens Financial Group has a 1-year low of $47.96 and a 1-year high of $75.33.

Citizens Financial Group (NYSE:CFGGet Free Report) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Equities analysts forecast that Citizens Financial Group will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s payout ratio is presently 39.91%.

About Citizens Financial Group

(Get Free Report)

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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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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