Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) PT at $68.77

Citizens Financial Group, Inc. (NYSE:CFG) has received a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $68.7727.

A number of equities research analysts have recently issued reports on the company. Raymond James Financial cut Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $62.00 to $66.00 in a research note on Wednesday, January 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $60.00 price target on shares of Citizens Financial Group in a research report on Thursday, December 11th. TD Cowen boosted their price objective on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. DA Davidson upped their target price on shares of Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley lifted their price target on Citizens Financial Group from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd.

Institutional Trading of Citizens Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $355,909,000. Ninety One UK Ltd acquired a new stake in Citizens Financial Group during the 3rd quarter worth approximately $308,946,000. AQR Capital Management LLC boosted its stake in Citizens Financial Group by 56.9% in the 4th quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after purchasing an additional 2,799,050 shares during the period. Victory Capital Management Inc. grew its holdings in Citizens Financial Group by 89.4% in the 4th quarter. Victory Capital Management Inc. now owns 4,731,592 shares of the bank’s stock valued at $276,372,000 after buying an additional 2,232,806 shares in the last quarter. Finally, HoldCo Asset Management LP bought a new position in Citizens Financial Group during the 2nd quarter worth $93,361,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.6%

Shares of Citizens Financial Group stock opened at $63.04 on Monday. The firm has a market cap of $26.79 billion, a PE ratio of 16.29, a P/E/G ratio of 0.50 and a beta of 0.72. The business’s 50 day simple moving average is $62.41 and its 200 day simple moving average is $55.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

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.