Citizens Financial Group (NYSE:CFG) Share Price Breaks Above 200-Day Moving Average – Time to Sell?

Citizens Financial Group, Inc. (NYSE:CFG – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $65.52 and traded as high as $66.50. Citizens Financial Group shares last traded at $65.7480, with a volume of 3,289,198 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on CFG shares. Robert W. Baird boosted their price target 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. UBS Group dropped their price objective on Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. DA Davidson set a $82.00 target price on Citizens Financial Group in a research note on Monday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Finally, Royal Bank Of Canada decreased their price target on shares of Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.28.

Get Our Latest Stock Report on CFG

Citizens Financial Group Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $26.73 billion, a PE ratio of 12.83, a PEG ratio of 0.60 and a beta of 0.72. The firm has a 50 day moving average price of $66.44 and a 200-day moving average price of $65.54.

Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its earnings results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Research analysts expect that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 37.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Citizens Financial Group during the 2nd quarter worth approximately $3,415,046,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Citizens Financial Group by 7,979.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock valued at $775,663,000 after buying an additional 12,014,785 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Citizens Financial Group by 1,252.4% during the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after acquiring an additional 8,523,938 shares during the period. Bank of America Corp DE acquired a new position in Citizens Financial Group during the second quarter worth $223,386,000. Finally, Legal & General Group Plc acquired a new position in Citizens Financial Group during the second quarter worth $207,234,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

(Get Free Report)

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.

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