Citizens Financial Group (NYSE:CFG) PT Raised to $39.00 at Argus

Citizens Financial Group (NYSE:CFG) had its price objective lifted by analysts at Argus from $36.00 to $39.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Argus’ price target indicates a potential upside of 11.46% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of 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. Jefferies Financial Group increased their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Royal Bank of Canada increased their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. TheStreet raised shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, Barclays lowered shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.13.

Citizens Financial Group Stock Down 1.5 %

CFG stock opened at $34.99 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The firm’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $30.89. The stock has a market cap of $16.04 billion, a PE ratio of 12.68 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The firm had revenue of $1.96 billion during 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 was down 7.9% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. As a group, sell-side analysts predict that Citizens Financial Group will post 3.24 EPS for the current year.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group 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 transaction, the insider now owns 43,885 shares in the company, valued at $1,471,902.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFG. Wellington Management Group LLP grew its holdings in Citizens Financial Group by 217.5% during the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock valued at $213,821,000 after purchasing an additional 5,465,824 shares during the last quarter. Norges Bank acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $117,372,000. AQR Capital Management LLC grew its stake in shares of Citizens Financial Group by 1,213.2% in the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock worth $100,395,000 after acquiring an additional 3,460,792 shares during the last quarter. Barclays PLC grew its stake in shares of Citizens Financial Group by 95.5% in the third quarter. Barclays PLC now owns 2,484,439 shares of the bank’s stock worth $66,584,000 after acquiring an additional 1,213,573 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Citizens Financial Group by 96.3% in the fourth quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after acquiring an additional 1,212,642 shares during the last quarter. Institutional investors and hedge funds 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.