Citizens Financial Group, Inc. (NYSE:CFG) Receives Average Rating of “Moderate Buy” from Analysts

Citizens Financial Group, Inc. (NYSE:CFG) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $49.00.

Several equities research analysts have commented on CFG shares. Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Truist Financial upped their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Finally, Raymond James restated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH lifted its stake in Citizens Financial Group by 1,113.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 64,114 shares of the bank’s stock worth $2,806,000 after purchasing an additional 58,832 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Citizens Financial Group during the fourth quarter worth $12,313,000. Jefferies Financial Group Inc. lifted its stake in Citizens Financial Group by 105.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 31,490 shares of the bank’s stock worth $1,378,000 after purchasing an additional 16,169 shares in the last quarter. LifeWealth Investments LLC acquired a new position in Citizens Financial Group during the fourth quarter worth $377,000. Finally, Integrated Advisors Network LLC acquired a new position in Citizens Financial Group during the fourth quarter worth $2,511,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $41.66 on Monday. Citizens Financial Group has a twelve month low of $32.06 and a twelve month high of $49.25. The business has a 50-day moving average price of $45.83 and a 200 day moving average price of $44.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.21 billion, a PE ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $0.85 EPS. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

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.