Citizens Financial Group Inc. (CFG) Sees Large Volume Increase
Citizens Financial Group Inc. (NYSE:CFG) shares saw unusually-high trading volume on Monday . Approximately 3,897,070 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 4,582,631 shares.The stock last traded at $24.52 and had previously closed at $24.12.
CFG has been the topic of several research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Tuesday, May 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Citizens Financial Group in a research report on Wednesday, June 15th. Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Citigroup Inc. reiterated a “buy” rating on shares of Citizens Financial Group in a research report on Wednesday, June 29th. Finally, Wells Fargo & Co. upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating in a research report on Friday, May 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Citizens Financial Group has a consensus rating of “Buy” and an average price target of $27.08.
The company’s 50-day moving average price is $22.48 and its 200 day moving average price is $21.82. The firm has a market cap of $12.71 billion and a price-to-earnings ratio of 14.48.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that Citizens Financial Group Inc. will post $1.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Investors of record on Wednesday, August 3rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, August 1st.
A hedge fund recently raised its stake in Citizens Financial Group stock. Utah Retirement Systems increased its position in shares of Citizens Financial Group Inc. (NYSE:CFG) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,900 shares of the company’s stock after buying an additional 200 shares during the period. Utah Retirement Systems’ holdings in Citizens Financial Group were worth $1,464,000 as of its most recent SEC filing.
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 in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.
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