Truist Financial Boosts Citizens Financial Group (NYSE:CFG) Price Target to $69.00

Citizens Financial Group (NYSE:CFG) had its price objective raised by equities researchers at Truist Financial from $63.00 to $69.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. Truist Financial’s price objective suggests a potential upside of 7.12% from the stock’s previous close.

A number of other research firms also recently issued reports on CFG. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. Raymond James Financial downgraded shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Argus boosted their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Morgan Stanley cut their price objective on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Evercore boosted their price objective on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.90.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $64.42 on Friday. The company has a market capitalization of $27.38 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The company has a 50-day simple moving average of $61.40 and a 200 day simple moving average of $58.09. Citizens Financial Group has a 52 week low of $33.95 and a 52 week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. Citizens Financial Group’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, sell-side analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current 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 that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the sale, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Citizens Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cidel Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 9.9% during the 1st quarter. Cidel Asset Management Inc. now owns 5,088 shares of the bank’s stock worth $305,000 after acquiring an additional 458 shares during the period. Signal Advisors Wealth LLC lifted its holdings in shares of Citizens Financial Group by 7.1% during the 1st quarter. Signal Advisors Wealth LLC now owns 4,407 shares of the bank’s stock worth $264,000 after acquiring an additional 291 shares during the period. Sterling Investment Counsel LLC lifted its holdings in shares of Citizens Financial Group by 1.2% during the 1st quarter. Sterling Investment Counsel LLC now owns 32,304 shares of the bank’s stock worth $1,937,000 after acquiring an additional 379 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Citizens Financial Group by 7.6% during the 1st quarter. Evolve Private Wealth LLC now owns 18,769 shares of the bank’s stock worth $1,126,000 after acquiring an additional 1,329 shares during the period. Finally, Center For Asset Management LLC lifted its holdings in shares of Citizens Financial Group by 4.8% during the 1st quarter. Center For Asset Management LLC now owns 13,667 shares of the bank’s stock worth $820,000 after acquiring an additional 622 shares during the period. Institutional investors own 94.90% of the company’s stock.

Key Stories Impacting Citizens Financial Group

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Q1 beat: CFG reported EPS $1.13 and revenue $2.17B, with net income up ~39% YoY and strong YoY EPS growth — core drivers were NII and fee income. This is the primary near‑term catalyst for the stock. TMCNet Q1 Results
• Positive Sentiment: Margin expansion & private banking: Analysts and commentary highlight margin expansion and growth in private/wealth channels as sustainable earnings levers, supporting higher earnings estimates. Seeking Alpha Margin Expansion
• Positive Sentiment: Analyst upgrades/price target raises: Multiple firms raised targets (RBC to $70/outperform; Keefe Bruyette & Woods to $72/outperform; Truist to $69/hold), signaling ~7–12% upside from current levels and likely supporting buying interest. Benzinga TickerReport The Fly
• Positive Sentiment: Dividend declared: CFG announced a quarterly dividend of $0.46 (annualized yield ~2.9%) with an ex‑dividend date of Apr 30 — supports income investors and base valuation.
• Neutral Sentiment: Earnings call & deep dive coverage: Transcripts and analyst deep dives (earnings slide deck and call transcripts) provide more detail on capital deployment, credit trends and guidance; useful for modeling forward EPS. Earnings Call Transcript Yahoo Deep Dive
• Negative Sentiment: Rising expenses & uncertainty: Some coverage flagged higher operating expenses and geopolitical/market uncertainty, which trimmed pre‑market gains despite the beat and could pressure near‑term margins if the trend continues. Zacks on Expenses

About Citizens Financial Group

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.