Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Oppenheimer issued their Q4 2018 earnings per share (EPS) estimates for shares of Citizens Financial Group in a research note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden anticipates that the bank will earn $0.84 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Citizens Financial Group’s FY2019 earnings at $3.69 EPS.
CFG has been the topic of several other research reports. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, September 18th. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $40.00 to $39.00 in a report on Tuesday, December 19th. Citigroup reissued a “neutral” rating and issued a $42.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Barclays raised their price target on Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Morgan Stanley raised their price target on Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group currently has an average rating of “Hold” and an average target price of $41.46.
Citizens Financial Group (NYSE:CFG) traded up $0.51 on Thursday, reaching $43.68. The company’s stock had a trading volume of 6,740,100 shares, compared to its average volume of 6,031,400. Citizens Financial Group has a 52 week low of $31.51 and a 52 week high of $44.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $21,650.00, a price-to-earnings ratio of 17.68, a PEG ratio of 1.00 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its holdings in shares of Citizens Financial Group by 41,266.7% during the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after purchasing an additional 3,714 shares during the period. Lipe & Dalton acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $207,000. Colony Group LLC acquired a new stake in shares of Citizens Financial Group during the second quarter worth about $210,000. Courier Capital LLC acquired a new stake in shares of Citizens Financial Group during the second quarter worth about $214,000. Finally, Quotient Investors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $227,000. 98.48% of the stock is owned by hedge funds and other institutional investors.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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