Weekly Investment Analysts’ Ratings Updates for Citizens Financial Group (CFG)

A number of firms have modified their ratings and price targets on shares of Citizens Financial Group (NYSE: CFG) recently:

• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at Royal Bank of Canada from $43.00 to $45.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – Citizens Financial Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at Barclays PLC from $40.00 to $47.00. They now have an “equal weight” rating on the stock.
• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at DA Davidson from $46.00 to $48.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Citizens Financial Group was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/2/2024 – Citizens Financial Group had its price target lowered by analysts at Evercore ISI from $47.00 to $46.00. They now have an “in-line” rating on the stock.
• 9/30/2024 – Citizens Financial Group had its price target raised by analysts at Keefe, Bruyette & Woods from $42.00 to $46.00. They now have a “market perform” rating on the stock.

Citizens Financial Group Stock Up 0.7 %

Citizens Financial Group stock traded up $0.31 during midday trading on Thursday, hitting $41.75. 2,951,980 shares of the company were exchanged, compared to its average volume of 5,369,581. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The company’s fifty day moving average price is $41.43 and its 200-day moving average price is $38.22. The company has a market cap of $19.00 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was down 5.6% on a year-over-year basis. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC acquired a new stake in shares of Citizens Financial Group during the first quarter worth approximately $207,000. Kingswood Wealth Advisors LLC increased its position in shares of Citizens Financial Group by 10.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 14,408 shares of the bank’s stock worth $523,000 after purchasing an additional 1,313 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Citizens Financial Group in the 1st quarter valued at about $114,000. Asio Capital LLC lifted its position in shares of Citizens Financial Group by 5.8% during the first quarter. Asio Capital LLC now owns 97,754 shares of the bank’s stock worth $3,547,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Citizens Financial Group by 21.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 11,460 shares of the bank’s stock worth $416,000 after purchasing an additional 1,991 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.