Citizens Financial Group’s (CFG) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Citizens Financial Group (NYSE:CFG) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $75.00 price target on the bank’s stock.

Several other brokerages have also weighed in on CFG. TD Cowen upped their price objective on shares of 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 upped 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. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Finally, New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.73.

Citizens Financial Group Price Performance

Shares of CFG opened at $59.59 on Tuesday. The firm has a market cap of $25.32 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.50 and a beta of 0.70. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $68.79. The business’s 50 day moving average price is $62.57 and its two-hundred day moving average price is $56.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. The company 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%. Citizens Financial Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is currently 47.55%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Citizens Financial Group in the 4th quarter worth about $26,000. Activest Wealth Management grew its holdings in shares of Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after acquiring an additional 504 shares in the last quarter. True Wealth Design LLC increased its position in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $35,000. Finally, Capital A Wealth Management LLC lifted its holdings in Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares during the period. 94.90% of the stock is owned by institutional investors.

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.