Citizens Financial Group (NYSE:CFG) Upgraded to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Citizens Financial Group (NYSE:CFG) from a neutral rating to an outperform rating in a research report released on Monday, MarketBeat Ratings reports. Robert W. Baird currently has $65.00 price target on the bank’s stock.

A number of other research analysts have also issued reports on the stock. Barclays set a $77.00 price objective on shares of Citizens Financial Group and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings upgraded shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price target on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Argus lifted their price target on shares of Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Truist Financial boosted their price objective on shares of Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Twenty equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.95.

Citizens Financial Group Price Performance

Shares of CFG opened at $58.19 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market cap of $24.73 billion, a PE ratio of 15.04, a PEG ratio of 0.47 and a beta of 0.70. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $68.79. The business has a 50-day simple moving average of $62.51 and a two-hundred day simple moving average of $56.50.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Analysts anticipate 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 dividend of $0.46 per share. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Institutional Investors Weigh In On Citizens Financial Group

Several large investors have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Citizens Financial Group in the fourth quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Citizens Financial Group in the 4th quarter worth about $29,000. Activest Wealth Management lifted its stake in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after purchasing an additional 504 shares during the period. True Wealth Design LLC lifted its stake in shares of Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the period. Finally, DV Equities LLC bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $35,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.