Citizens Financial Group Inc (NYSE:CFG) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for Citizens Financial Group in a research report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin expects that the bank will earn $0.68 per share for the quarter. Jefferies Group also issued estimates for Citizens Financial Group’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $3.16 EPS.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Citizens Financial Group had a net margin of 44.88% and a return on equity of 13.40%. Citizens Financial Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share.
CFG has been the topic of a number of other reports. Barclays upped their price target on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 price target on shares of Citizens Financial Group in a research report on Sunday, January 21st. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, December 4th. Citigroup reaffirmed a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Finally, Sanford C. Bernstein set a $52.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Citizens Financial Group currently has an average rating of “Hold” and an average target price of $42.36.
Shares of Citizens Financial Group (NYSE:CFG) traded down $0.79 during mid-day trading on Friday, hitting $46.02. The stock had a trading volume of 6,066,636 shares, compared to its average volume of 4,520,198. The firm has a market capitalization of $23,030.12, a P/E ratio of 14.07, a PEG ratio of 0.78 and a beta of 1.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $48.23.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 26.91%.
In related news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFG. Cerebellum GP LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $131,000. Sun Life Financial INC boosted its holdings in Citizens Financial Group by 41,266.7% in the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after purchasing an additional 3,714 shares during the last quarter. Lipe & Dalton purchased a new stake in Citizens Financial Group in the third quarter valued at $207,000. Colony Group LLC purchased a new stake in Citizens Financial Group in the second quarter valued at $210,000. Finally, Courier Capital LLC purchased a new stake in Citizens Financial Group in the second quarter valued at $214,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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