Citizens Financial Group (NYSE:CFG) Raised to “Hold” at StockNews.com

Citizens Financial Group (NYSE:CFG) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts also recently issued reports on CFG. Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $41.00 in a report on Friday, April 26th. Citigroup increased their target price on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Wedbush cut their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. UBS Group upped their target price on Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Evercore ISI boosted their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.73.

Citizens Financial Group Trading Up 1.1 %

NYSE:CFG opened at $35.39 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50-day simple moving average is $34.04 and its 200-day simple moving average is $31.24. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The stock has a market capitalization of $16.22 billion, a PE ratio of 12.82 and a beta of 1.36.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $1.00 EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts expect that Citizens Financial Group will post 3.24 earnings per share for the current fiscal year.

Insider Activity at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the transaction, the insider now owns 37,558 shares in the company, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Citizens Financial Group

Large investors have recently modified their holdings of the stock. WBI Investments LLC grew its stake in Citizens Financial Group by 4.9% during the first quarter. WBI Investments LLC now owns 17,934 shares of the bank’s stock worth $651,000 after buying an additional 834 shares in the last quarter. Csenge Advisory Group increased its stake in Citizens Financial Group by 8.0% in the first quarter. Csenge Advisory Group now owns 20,423 shares of the bank’s stock valued at $741,000 after acquiring an additional 1,506 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Citizens Financial Group by 686.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,758 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Citizens Financial Group during the first quarter valued at approximately $78,000. Finally, Daiwa Securities Group Inc. lifted its stake in Citizens Financial Group by 9.1% during the first quarter. Daiwa Securities Group Inc. now owns 46,309 shares of the bank’s stock worth $1,681,000 after purchasing an additional 3,852 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.