Citizens Financial Group (NYSE:CFG – Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10), RTT News reports. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. Citizens Financial Group’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share.
Citizens Financial Group Stock Performance
Shares of CFG stock opened at $32.90 on Friday. The company has a market capitalization of $15.08 billion, a P/E ratio of 11.92 and a beta of 1.38. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 0.87. The stock has a 50 day moving average price of $33.28 and a two-hundred day moving average price of $30.58.
Citizens Financial Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 5.11%. Citizens Financial Group’s payout ratio is 60.87%.
Insider Transactions at Citizens Financial Group
Hedge Funds Weigh In On Citizens Financial Group
Several hedge funds have recently made changes to their positions in CFG. Price T Rowe Associates Inc. MD raised its holdings in Citizens Financial Group by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 644,458 shares of the bank’s stock worth $21,358,000 after purchasing an additional 18,917 shares in the last quarter. SageView Advisory Group LLC increased its holdings in shares of Citizens Financial Group by 25.8% during the fourth quarter. SageView Advisory Group LLC now owns 22,286 shares of the bank’s stock valued at $765,000 after acquiring an additional 4,566 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter worth about $247,000. Public Employees Retirement System of Ohio grew its position in Citizens Financial Group by 0.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 261,455 shares of the bank’s stock valued at $8,665,000 after purchasing an additional 1,572 shares during the last quarter. Finally, LifePro Asset Management purchased a new position in Citizens Financial Group in the fourth quarter worth about $4,000,000. 94.90% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CFG has been the topic of a number of recent research reports. Barclays cut shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $38.00 to $40.00 in a research note on Tuesday, January 2nd. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Citigroup raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, February 5th. StockNews.com lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.88.
View Our Latest Stock Report on Citizens Financial Group
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
See Also
- Five stocks we like better than Citizens Financial Group
- Retail Stocks Investing, Explained
- Taiwan Semiconductor Earnings: AI Dominance and Future Outlook
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Comprehensive PepsiCo Stock Analysis
- Roth IRA Calculator: Calculate Your Potential Returns
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.