Citigroup downgraded shares of Citizens Financial Group (NYSE:CFG) from a neutral rating to a sell rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. They currently have $32.00 price objective on the bank’s stock, down from their prior price objective of $39.00.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Citizens Financial Group from a hold rating to a sell rating and set a $37.00 target price for the company. in a research note on Friday, July 12th. Argus raised shares of Citizens Financial Group from a hold rating to a buy rating and set a $43.00 target price for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of Citizens Financial Group from $41.50 to $40.50 and set an overweight rating for the company in a research note on Tuesday, July 9th. Morgan Stanley dropped their price target on shares of Citizens Financial Group from $43.00 to $42.00 and set an overweight rating for the company in a research note on Thursday, October 3rd. Finally, UBS Group downgraded shares of Citizens Financial Group from a buy rating to a neutral rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $39.96.

Shares of Citizens Financial Group stock opened at $33.77 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.96. The firm’s 50-day simple moving average is $34.43 and its 200-day simple moving average is $34.72. Citizens Financial Group has a twelve month low of $27.62 and a twelve month high of $38.64. The firm has a market cap of $14.57 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business earned $0.88 EPS. On average, equities analysts forecast that Citizens Financial Group will post 3.8 earnings per share for the current fiscal year.

In other news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $32.45 per share, for a total transaction of $486,750.00. Following the completion of the acquisition, the director now owns 68,781 shares in the company, valued at $2,231,943.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in Citizens Financial Group by 10.6% during the third quarter. Pacer Advisors Inc. now owns 48,912 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 4,676 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Citizens Financial Group by 3.9% in the third quarter. Artemis Investment Management LLP now owns 708,433 shares of the bank’s stock valued at $25,003,000 after buying an additional 26,600 shares during the period. Gradient Investments LLC boosted its holdings in shares of Citizens Financial Group by 4.1% in the third quarter. Gradient Investments LLC now owns 247,293 shares of the bank’s stock valued at $8,747,000 after buying an additional 9,635 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Citizens Financial Group by 10.7% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 201,078 shares of the bank’s stock valued at $7,112,000 after buying an additional 19,356 shares during the period. Finally, First American Trust FSB boosted its holdings in shares of Citizens Financial Group by 2.9% in the third quarter. First American Trust FSB now owns 89,616 shares of the bank’s stock valued at $3,170,000 after buying an additional 2,560 shares during the period. Hedge funds and other institutional investors own 96.57% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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