Citizens Financial Group, Inc. (NYSE:CFG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Citizens Financial Group, Inc. (NYSE:CFG) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $49.22.

A number of research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Morgan Stanley dropped their price objective on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Citizens Financial Group Stock Up 2.5 %

Shares of CFG opened at $40.72 on Monday. The company has a market capitalization of $17.80 billion, a PE ratio of 13.44, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group has a 12 month low of $32.06 and a 12 month high of $49.25. The stock’s 50-day moving average price is $45.46 and its two-hundred day moving average price is $44.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors have recently modified their holdings of the business. Wealthedge Investment Advisors LLC bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $214,000. Siemens Fonds Invest GmbH grew its holdings in shares of Citizens Financial Group by 1,113.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 64,114 shares of the bank’s stock valued at $2,806,000 after acquiring an additional 58,832 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $12,313,000. Jefferies Financial Group Inc. grew its holdings in shares of Citizens Financial Group by 105.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 31,490 shares of the bank’s stock valued at $1,378,000 after acquiring an additional 16,169 shares in the last quarter. Finally, LifeWealth Investments LLC bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $377,000. 94.90% of the stock is owned by institutional investors.

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.