Citizens Financial Group (CFG) – Investment Analysts’ Weekly Ratings Changes

Citizens Financial Group (NYSE: CFG) recently received a number of ratings updates from brokerages and research firms:

• 12/4/2024 – Citizens Financial Group had its price target raised by analysts at Keefe, Bruyette & Woods from $46.00 to $53.00. They now have a “market perform” rating on the stock.
• 12/3/2024 – Citizens Financial Group had its price target raised by analysts at Piper Sandler from $48.00 to $53.00. They now have an “overweight” rating on the stock.
• 11/26/2024 – Citizens Financial Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $48.00 to $59.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Citizens Financial Group had its price target raised by analysts at Citigroup Inc. from $50.00 to $58.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at Royal Bank of Canada from $43.00 to $45.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – Citizens Financial Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at Barclays PLC from $40.00 to $47.00. They now have an “equal weight” rating on the stock.
• 10/17/2024 – Citizens Financial Group had its price target raised by analysts at DA Davidson from $46.00 to $48.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Citizens Financial Group was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Citizens Financial Group Stock Down 0.4 %

Shares of Citizens Financial Group stock opened at $46.60 on Thursday. The business has a 50-day moving average of $43.91 and a 200-day moving average of $40.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $20.54 billion, a PE ratio of 18.35, a P/E/G ratio of 1.79 and a beta of 1.08. Citizens Financial Group, Inc. has a 1-year low of $28.19 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. Citizens Financial Group’s payout ratio is 66.14%.

Hedge Funds Weigh In On Citizens Financial Group

Several large investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. LSV Asset Management lifted its position in shares of Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after purchasing an additional 113,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after purchasing an additional 587,115 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

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.