ValuEngine downgraded shares of Citizens Financial Group (NYSE:CFG) from a hold rating to a sell rating in a research report report published on Saturday, ValuEngine reports.
A number of other equities research analysts have also recently weighed in on the company. Compass Point initiated coverage on Citizens Financial Group in a report on Tuesday, April 14th. They set a neutral rating on the stock. Wedbush lifted their price target on Citizens Financial Group from $26.00 to $27.00 and gave the company an outperform rating in a report on Monday, April 20th. Zacks Investment Research raised Citizens Financial Group from a sell rating to a hold rating and set a $19.00 price target on the stock in a report on Thursday, April 30th. Argus cut their price target on Citizens Financial Group from $44.00 to $30.00 and set a buy rating on the stock in a report on Tuesday, April 21st. Finally, TheStreet cut Citizens Financial Group from a b rating to a c+ rating in a report on Friday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Citizens Financial Group presently has an average rating of Buy and an average price target of $34.32.
Shares of NYSE CFG opened at $23.53 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $24.18 and its two-hundred day moving average price is $29.28. Citizens Financial Group has a 52-week low of $14.12 and a 52-week high of $41.29. The stock has a market capitalization of $10.04 billion, a P/E ratio of 8.03, a P/E/G ratio of 3.96 and a beta of 1.84.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. Citizens Financial Group had a net margin of 17.23% and a return on equity of 6.89%. During the same period last year, the firm posted $0.92 EPS. As a group, equities research analysts expect that Citizens Financial Group will post 1.02 earnings per share for the current year.
In other Citizens Financial Group news, Director Charles John Koch purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of $19.76 per share, for a total transaction of $98,800.00. Following the completion of the transaction, the director now owns 88,924 shares in the company, valued at approximately $1,757,138.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William P. Hankowsky purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of $20.56 per share, for a total transaction of $205,600.00. Following the transaction, the director now owns 44,924 shares of the company’s stock, valued at approximately $923,637.44. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 15,165 shares of company stock worth $307,906. 0.44% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Procyon Private Wealth Partners LLC acquired a new position in Citizens Financial Group in the fourth quarter worth approximately $25,000. Delta Asset Management LLC TN grew its position in Citizens Financial Group by 251.3% in the first quarter. Delta Asset Management LLC TN now owns 1,398 shares of the bank’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Citizens Financial Group by 146.7% in the first quarter. Hillsdale Investment Management Inc. now owns 1,480 shares of the bank’s stock worth $28,000 after buying an additional 880 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Citizens Financial Group during the 4th quarter worth approximately $37,000. Finally, Cornerstone Advisors Inc. grew its position in Citizens Financial Group by 34.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,562 shares of the bank’s stock worth $48,000 after purchasing an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.
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 provides 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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