Citizens Financial Group, Inc. (NYSE:CFG) received a $40.00 price objective from Keefe, Bruyette & Woods in a report issued on Friday. The firm presently has a “buy” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.80% from the stock’s current price.

Several other brokerages also recently commented on CFG. BidaskClub raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Wedbush raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $41.00 in a research report on Monday, May 1st. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, July 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $35.19.

Shares of Citizens Financial Group (CFG) opened at 33.39 on Friday. The company has a 50-day moving average of $35.54 and a 200 day moving average of $35.93. Citizens Financial Group has a 12-month low of $23.20 and a 12-month high of $39.75. The company has a market cap of $16.72 billion, a PE ratio of 14.26 and a beta of 1.31.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $0.46 EPS. Citizens Financial Group’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Citizens Financial Group will post $2.53 EPS for the current year.

Citizens Financial Group declared that its board has initiated a share repurchase program on Wednesday, June 28th that permits the company to buyback $850.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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Several institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co increased its position in Citizens Financial Group by 22.7% in the first quarter. CENTRAL TRUST Co now owns 6,117 shares of the bank’s stock worth $211,000 after buying an additional 1,130 shares during the last quarter. Creative Planning increased its position in Citizens Financial Group by 6.1% in the first quarter. Creative Planning now owns 12,424 shares of the bank’s stock worth $429,000 after buying an additional 717 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Citizens Financial Group by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 159,262 shares of the bank’s stock worth $5,502,000 after buying an additional 1,900 shares during the last quarter. Capstone Asset Management Co. increased its position in Citizens Financial Group by 3.3% in the first quarter. Capstone Asset Management Co. now owns 32,470 shares of the bank’s stock worth $1,122,000 after buying an additional 1,040 shares during the last quarter. Finally, BLB&B Advisors LLC increased its position in Citizens Financial Group by 2.5% in the first quarter. BLB&B Advisors LLC now owns 12,517 shares of the bank’s stock worth $432,000 after buying an additional 300 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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