Citigroup Boosts Citizens Financial Group (NYSE:CFG) Price Target to $43.00

Citizens Financial Group (NYSE:CFG) had its price objective boosted by Citigroup from $39.00 to $43.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the bank’s stock.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $35.00 to $39.00 and gave the company a market perform rating in a research report on Friday, April 5th. TheStreet upgraded Citizens Financial Group from a c+ rating to a b- rating in a research note on Tuesday, December 26th. Wedbush lowered 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. Royal Bank of Canada boosted their target price on Citizens Financial Group from $33.00 to $35.00 and gave the company an outperform rating in a research note on Thursday, January 18th. Finally, Morgan Stanley boosted their target price on Citizens Financial Group from $31.00 to $39.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $36.29.

Citizens Financial Group Stock Up 3.3 %

CFG opened at $33.99 on Friday. The stock’s fifty day moving average is $33.33 and its 200-day moving average is $30.63. The company has a market capitalization of $15.58 billion, a PE ratio of 12.32 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 0.87. Citizens Financial Group has a one year low of $22.77 and a one year high of $36.38.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, equities analysts predict that Citizens Financial Group will post 3.25 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.94%. Citizens Financial Group’s payout ratio is 60.87%.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the sale, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Citizens Financial Group

Several hedge funds have recently added to or reduced their stakes in CFG. Lindbrook Capital LLC boosted its stake in Citizens Financial Group by 100.8% during the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the period. Groupama Asset Managment acquired a new position in Citizens Financial Group in the 4th quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at approximately $28,000. Clear Street Markets LLC raised its holdings in Citizens Financial Group by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after acquiring an additional 466 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at approximately $33,000. Institutional investors own 94.90% of the company’s stock.

About Citizens Financial Group

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.