Citizens Financial Group Inc. (NYSE:CFG) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage currently has a $36.00 target price on the stock, up from their previous target price of $27.00. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 7.43% from the stock’s previous close.

CFG has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Credit Suisse Group AG assumed coverage on shares of Citizens Financial Group in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $28.00 price target for the company. Wedbush reiterated a “neutral” rating and issued a $31.00 price target (up from $30.00) on shares of Citizens Financial Group in a research report on Thursday, November 17th. They noted that the move was a valuation call. Piper Jaffray Cos. downgraded shares of Citizens Financial Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $32.00 in a research report on Wednesday, November 16th. Finally, Sanford C. Bernstein downgraded shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $29.00 to $32.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.33.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) opened at 33.51 on Tuesday. The firm has a 50 day moving average of $28.05 and a 200-day moving average of $24.16. The company has a market capitalization of $17.36 billion, a P/E ratio of 18.21 and a beta of 1.10. Citizens Financial Group has a 52 week low of $18.04 and a 52 week high of $33.70.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. On average, analysts forecast that Citizens Financial Group will post $1.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were issued a dividend of $0.12 per share. The ex-dividend date was Monday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Citizens Financial Group by 227.0% in the third quarter. TIAA CREF Investment Management LLC now owns 5,655,964 shares of the company’s stock valued at $139,759,000 after buying an additional 3,926,440 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Citizens Financial Group during the second quarter valued at $59,043,000. Canada Pension Plan Investment Board boosted its stake in shares of Citizens Financial Group by 67.4% in the third quarter. Canada Pension Plan Investment Board now owns 7,125,937 shares of the company’s stock valued at $176,082,000 after buying an additional 2,870,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Citizens Financial Group by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,401,683 shares of the company’s stock valued at $327,706,000 after buying an additional 2,845,134 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Citizens Financial Group during the third quarter valued at $67,785,000. Institutional investors own 94.28% of the company’s stock.

Citizens Financial Group Company Profile

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.

5 Day Chart for NYSE:CFG

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