Stephens Begins Coverage on Citizens Financial Group (NYSE:CFG)

Equities research analysts at Stephens started coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note issued to investors on Monday. The brokerage set an “equal weight” rating on the bank’s stock.

Other equities research analysts have also issued reports about the company. Citigroup restated a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Royal Bank Of Canada increased their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Evercore reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Citizens Financial Group Trading Down 0.1%

NYSE CFG traded down $0.09 during mid-day trading on Monday, reaching $67.56. 1,452,401 shares of the stock were exchanged, compared to its average volume of 4,923,091. The stock has a market capitalization of $28.57 billion, a PE ratio of 15.97, a PEG ratio of 0.54 and a beta of 0.68. The business’s fifty day simple moving average is $63.54 and its 200 day simple moving average is $61.39. Citizens Financial Group has a 1-year low of $40.25 and a 1-year high of $68.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. Citizens Financial Group’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. On average, research analysts anticipate that Citizens Financial Group will post 5.2 earnings per share for the current fiscal year.

Insider Transactions at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Citizens Financial Group

Institutional investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Citizens Financial Group during the first quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $29,000. Activest Wealth Management raised its position in shares of Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after acquiring an additional 504 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Citizens Financial Group in the fourth quarter worth $35,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.