Citizens Financial Group’s (CFG) “Neutral” Rating Reaffirmed at Robert W. Baird

Citizens Financial Group (NYSE:CFG)‘s stock had its “neutral” rating restated by stock analysts at Robert W. Baird in a note issued to investors on Monday,Benzinga reports. They presently have a $72.00 target price on the bank’s stock. Robert W. Baird’s price objective would suggest a potential upside of 1.46% from the company’s current price.

CFG has been the subject of a number of other research reports. DA Davidson boosted their price objective on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price target on Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Truist Financial raised their price objective on Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Finally, Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of Citizens Financial Group in a research note on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.72.

Citizens Financial Group Trading Down 0.0%

Shares of Citizens Financial Group stock opened at $70.97 on Monday. The business has a 50 day moving average price of $65.12 and a 200 day moving average price of $62.79. The company has a market capitalization of $30.01 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.56 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a 1 year low of $45.90 and a 1 year high of $72.46.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Sell-side analysts anticipate that Citizens Financial Group will post 5.2 EPS for the current fiscal year.

Insider Buying and Selling at Citizens Financial Group

In related 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 value of $376,068.00. Following the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Citizens Financial Group by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock worth $29,968,000 after purchasing an additional 25,180 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at about $2,412,000. Geode Capital Management LLC raised its position in Citizens Financial Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the period. Todd Asset Management LLC lifted its stake in shares of Citizens Financial Group by 10.6% during the fourth quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock worth $57,914,000 after purchasing an additional 94,774 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Citizens Financial Group by 45.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock valued at $15,799,000 after buying an additional 85,052 shares in the last quarter. 94.90% of the stock is currently 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.