Citizens Financial Group Inc (NYSE:CFG) – Investment analysts at Wedbush upped their FY2018 earnings per share (EPS) estimates for shares of Citizens Financial Group in a report issued on Sunday, July 1st. Wedbush analyst P. Winter now expects that the bank will earn $3.48 per share for the year, up from their previous forecast of $3.46.
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, topping the Zacks’ consensus estimate of $0.76 by $0.02. The company 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 period in the prior year, the company earned $0.61 earnings per share.
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday. Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price on the stock in a report on Wednesday, May 30th. Finally, Morgan Stanley increased their target price on shares of Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.82.
Shares of NYSE:CFG opened at $38.96 on Tuesday. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.53 and a beta of 1.40. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $48.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98.
Hedge funds have recently added to or reduced their stakes in the stock. PointState Capital LP grew its position in Citizens Financial Group by 103.3% in the 1st quarter. PointState Capital LP now owns 4,145,178 shares of the bank’s stock valued at $174,015,000 after buying an additional 2,105,951 shares in the last quarter. LSV Asset Management grew its position in Citizens Financial Group by 44.8% in the 1st quarter. LSV Asset Management now owns 4,951,648 shares of the bank’s stock valued at $207,870,000 after buying an additional 1,531,800 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Citizens Financial Group by 678.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 853,773 shares of the bank’s stock valued at $35,840,000 after buying an additional 744,116 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Citizens Financial Group by 21.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,039,035 shares of the bank’s stock valued at $169,558,000 after buying an additional 722,576 shares in the last quarter. Finally, Millennium Management LLC grew its position in Citizens Financial Group by 37.3% in the 1st quarter. Millennium Management LLC now owns 2,381,791 shares of the bank’s stock valued at $99,988,000 after buying an additional 646,789 shares in the last quarter. 95.38% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Randall J. Black sold 792 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the sale, the insider now owns 34,258 shares of the company’s stock, valued at approximately $1,421,364.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by company insiders.
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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