DA Davidson Cuts Citizens Financial Group (NYSE:CFG) Price Target to $49.00

Citizens Financial Group (NYSE:CFG) had its price target trimmed by DA Davidson from $53.00 to $49.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.90 EPS and FY2025 earnings at $3.76 EPS.

Other research analysts have also issued reports about the stock. Piper Sandler reduced their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods cut their price objective on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Thursday. Barclays lowered their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.82.

Citizens Financial Group Trading Down 0.1 %

NYSE:CFG opened at $35.43 on Thursday. The company has a market cap of $15.49 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $40.88 and its two-hundred day moving average price is $43.61.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. As a group, analysts expect that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.74%. Citizens Financial Group’s payout ratio is presently 53.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $8,134,000. BTC Capital Management Inc. increased its position in Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after purchasing an additional 7,119 shares during the period. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth about $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after purchasing an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after buying an additional 805,758 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

About Citizens Financial Group

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.