Citizens Financial Group (NYSE:CFG) Given New $68.00 Price Target at JPMorgan Chase & Co.

Citizens Financial Group (NYSE:CFG) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $71.00 to $68.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.25% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Barclays set a $77.00 price target on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research report on Monday, January 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Raymond James Financial lowered shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Citigroup upped their price target on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Citizens Financial Group Trading Down 0.5%

Shares of NYSE:CFG traded down $0.29 during trading on Tuesday, reaching $61.13. The stock had a trading volume of 839,337 shares, compared to its average volume of 5,277,927. The business has a fifty day moving average price of $61.54 and a 200-day moving average price of $57.42. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market cap of $25.98 billion, a P/E ratio of 15.82, a PEG ratio of 0.50 and a beta of 0.70. Citizens Financial Group has a fifty-two week low of $32.83 and a fifty-two week high of $68.79.

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

Insider Buying and Selling at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares in the company, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after purchasing an additional 172 shares during the period. AA Financial Advisors LLC boosted its stake in shares of Citizens Financial Group by 3.9% in the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after purchasing an additional 174 shares during the period. Inscription Capital LLC boosted its stake in shares of Citizens Financial Group by 1.6% in the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after purchasing an additional 175 shares during the period. Clear Harbor Asset Management LLC boosted its stake in shares of Citizens Financial Group by 0.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of Citizens Financial Group by 19.8% in the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after purchasing an additional 183 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

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.