Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) PT at $56.55

Citizens Financial Group, Inc. (NYSE:CFG) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $56.7143.

Several equities analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Cantor Fitzgerald began coverage on shares of Citizens Financial Group in a report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 price target on the stock. Baird R W lowered shares of Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Cowen reiterated a “buy” rating on shares of Citizens Financial Group in a report on Monday, December 1st. Finally, Citigroup lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 11th.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $58.18 on Wednesday. The business’s 50-day moving average price is $52.69 and its two-hundred day moving average price is $49.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a one year low of $32.60 and a one year high of $59.31. The company has a market capitalization of $24.99 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.62 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.79 EPS. Analysts anticipate that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, October 29th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is 51.54%.

Institutional Investors Weigh In On Citizens Financial Group

A number of large investors have recently added to or reduced their stakes in CFG. True Wealth Design LLC raised its position in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after buying an additional 410 shares during the period. Investors Research Corp grew its stake in Citizens Financial Group by 344.8% in the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after buying an additional 500 shares during the last quarter. GoalVest Advisory LLC raised its holdings in Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the period. Finally, REAP Financial Group LLC raised its holdings in Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after acquiring an additional 309 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.