Citizens Financial Group (NYSE:CFG) Price Target Raised to $57.00 at Compass Point

Citizens Financial Group (NYSE:CFG) had its target price upped by Compass Point from $45.00 to $57.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Several other analysts have also weighed in on CFG. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. DA Davidson increased their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.94.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $46.42 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group has a 1 year low of $29.16 and a 1 year high of $49.25. The firm’s 50-day simple moving average is $44.26 and its 200-day simple moving average is $40.70. The firm has a market cap of $20.46 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts forecast that Citizens Financial Group will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $1,910,000. Quantbot Technologies LP acquired a new position in Citizens Financial Group in the second quarter worth approximately $5,009,000. Pathstone Holdings LLC increased its holdings in shares of Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock valued at $6,347,000 after buying an additional 11,044 shares in the last quarter. Andra AP fonden lifted its position in shares of Citizens Financial Group by 49.1% during the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after acquiring an additional 101,500 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Citizens Financial Group by 138.9% during the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock worth $1,069,000 after acquiring an additional 14,896 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.