Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) PT at $57.57

Citizens Financial Group, Inc. (NYSE:CFG) has received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $60.3333.

A number of equities analysts have recently commented on the company. Evercore ISI restated an “outperform” rating and issued a $69.00 price objective on shares of Citizens Financial Group in a report on Tuesday. UBS Group increased their target price on shares of Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Cowen reaffirmed a “buy” rating on shares of Citizens Financial Group in a research report on Monday, December 1st. Barclays set a $77.00 price objective on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $60.00 target price on shares of Citizens Financial Group in a report on Thursday, December 11th.

Hedge Funds Weigh In On Citizens Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp lifted its position in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Trust Co. of Vermont grew its holdings in Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC increased its stake in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after buying an additional 676 shares during the period. True Wealth Design LLC lifted its holdings in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares in the last quarter. Finally, REAP Financial Group LLC lifted 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 buying an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $60.51 on Friday. The company has a market cap of $25.99 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.52 and a beta of 0.72. The firm’s 50 day moving average is $55.90 and its two-hundred day moving average is $52.02. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $62.16. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

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

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is 51.54%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.