Citizens Financial Group, Inc. (NYSE:CFG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.80.

CFG has been the subject of several research analyst reports. DA Davidson increased their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Stephens raised their target price on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at approximately $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc grew its holdings in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.5 %

Shares of NYSE CFG opened at $41.59 on Tuesday. Citizens Financial Group has a 1 year low of $24.61 and a 1 year high of $44.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.61 and a beta of 1.07. The stock’s 50-day simple moving average is $41.50 and its 200-day simple moving average is $38.73.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, equities analysts anticipate that Citizens Financial Group will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

About Citizens Financial Group

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.