Citizens Financial Group (NYSE:CFG) PT Raised to $49.00

Citizens Financial Group (NYSE:CFG) had its price target increased by The Goldman Sachs Group from $43.00 to $49.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the bank’s stock.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $39.00 to $40.00 and gave the stock a market perform rating in a research note on Tuesday, July 9th. StockNews.com raised Citizens Financial Group from a sell rating to a hold rating in a research note on Sunday, May 5th. Citigroup upped their target price on Citizens Financial Group from $39.00 to $43.00 and gave the company a buy rating in a research note on Friday, April 19th. Wedbush cut their target price on Citizens Financial Group from $38.00 to $35.00 and set a neutral rating on the stock in a research note on Thursday, April 18th. Finally, Raymond James initiated coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a market perform rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of Hold and an average price target of $41.13.

Citizens Financial Group Trading Up 0.6 %

Shares of NYSE CFG opened at $41.00 on Thursday. The business’s 50 day moving average is $35.89 and its two-hundred day moving average is $34.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. Citizens Financial Group has a 1-year low of $22.77 and a 1-year high of $41.94. The stock has a market capitalization of $18.66 billion, a P/E ratio of 14.86, a PEG ratio of 1.54 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, research analysts expect that Citizens Financial Group will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.10%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently bought and sold shares of CFG. Diversified Trust Co purchased a new stake in Citizens Financial Group during the fourth quarter worth $330,000. Wedmont Private Capital purchased a new stake in Citizens Financial Group during the fourth quarter worth $206,000. Raymond James Trust N.A. purchased a new stake in Citizens Financial Group during the fourth quarter worth $228,000. Vest Financial LLC lifted its holdings in Citizens Financial Group by 15.4% during the fourth quarter. Vest Financial LLC now owns 379,462 shares of the bank’s stock worth $12,575,000 after buying an additional 50,560 shares during the period. Finally, Whittier Trust Co. increased its position in shares of Citizens Financial Group by 203.1% during the fourth quarter. Whittier Trust Co. now owns 7,259 shares of the bank’s stock worth $240,000 after purchasing an additional 4,864 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.