Citizens Financial Group, Inc. (NYSE:CFG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $68.7727.

Several analysts have issued reports on CFG shares. The Goldman Sachs Group restated a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a research report on Tuesday, January 6th. TD Cowen increased their target price on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Bank of America lifted their price target on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird reissued a “neutral” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research note on Thursday, December 11th. Finally, Evercore lifted their target price on shares of Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th.

Citizens Financial Group Stock Up 1.1%

Shares of CFG opened at $65.27 on Monday. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $68.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $62.17 and a two-hundred day simple moving average of $55.52. The firm has a market cap of $27.74 billion, a P/E ratio of 16.87, a P/E/G ratio of 0.53 and a beta of 0.72.

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

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently modified their holdings of CFG. Parallel Advisors LLC increased its holdings in Citizens Financial Group by 2.9% during the 4th 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 increased its stake in shares of Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after buying an additional 174 shares during the period. Inscription Capital LLC increased its stake in shares of Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after buying an additional 175 shares during the period. Clear Harbor Asset Management LLC raised its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after acquiring an additional 175 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in Citizens Financial Group by 19.8% in the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock worth $65,000 after acquiring 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.