Citizens Financial Group Inc (NYSE:CFG) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.67.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. Citigroup reissued a “hold” rating on shares of Citizens Financial Group in a report on Friday, April 20th. BMO Capital Markets cut their price objective on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, April 23rd. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd.
In other news, insider Randall J. Black sold 792 shares of Citizens Financial Group stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the transaction, the insider now directly owns 34,258 shares of the company’s stock, valued at approximately $1,421,364.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.
A number of large investors have recently bought and sold shares of CFG. Dynamic Technology Lab Private Ltd grew its position in Citizens Financial Group by 134.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 42,703 shares of the bank’s stock valued at $1,793,000 after buying an additional 24,508 shares during the last quarter. Principal Financial Group Inc. grew its position in Citizens Financial Group by 20.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,590,746 shares of the bank’s stock valued at $66,780,000 after buying an additional 266,714 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Citizens Financial Group by 5.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 96,531 shares of the bank’s stock valued at $4,052,000 after buying an additional 4,709 shares during the last quarter. Atlantic Trust Group LLC grew its position in Citizens Financial Group by 4.8% in the 1st quarter. Atlantic Trust Group LLC now owns 1,854,307 shares of the bank’s stock valued at $77,844,000 after buying an additional 84,992 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Citizens Financial Group in the 1st quarter valued at $303,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.
NYSE:CFG traded down $0.75 during mid-day trading on Monday, hitting $41.18. The stock had a trading volume of 5,439,735 shares, compared to its average volume of 4,748,726. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. Citizens Financial Group has a twelve month low of $31.51 and a twelve month high of $48.23. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.
Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, April 20th. The bank reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. equities analysts anticipate that Citizens Financial Group will post 3.45 EPS for the current year.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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