Citizens Financial Group Inc. (NYSE:CFG)’s share price shot up 2.7% during mid-day trading on Thursday . The stock traded as high as $21.36 and last traded at $21.12, with a volume of 2,808,499 shares. The stock had previously closed at $20.56.

Several brokerages have issued reports on CFG. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Sunday, April 17th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Saturday, June 4th. Barclays PLC reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Finally, TheStreet raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Buy” and a consensus price target of $27.53.

The stock’s 50 day moving average is $21.42 and its 200 day moving average is $21.73. The company has a market capitalization of $11.10 billion and a P/E ratio of 13.28.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, April 21st. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Citizens Financial Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. Equities analysts predict that Citizens Financial Group Inc. will post $1.78 earnings per share for the current fiscal year.

Several large investors recently added to or reduced their stakes in the company. Monashee Investment Management LLC bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $1,310,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Citizens Financial Group by 31.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 65,864 shares of the company’s stock worth $1,725,000 after buying an additional 15,700 shares in the last quarter. Tradition Capital Management LLC bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $1,746,000. Klingman & Associates LLC boosted its stake in Citizens Financial Group by 1,777.8% in the fourth quarter. Klingman & Associates LLC now owns 84,500 shares of the company’s stock worth $2,213,000 after buying an additional 80,000 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Citizens Financial Group by 55.4% in the fourth quarter. ProShare Advisors LLC now owns 103,924 shares of the company’s stock worth $2,722,000 after buying an additional 37,034 shares in the last quarter.

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates approximately 1,200 branches in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions.

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