Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) Price Target at $47.41

Citizens Financial Group, Inc. (NYSE:CFG) has received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $47.41.

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. DA Davidson lifted 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. Citigroup increased 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. Raymond James upgraded shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, December 18th. Finally, Evercore ISI decreased their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd.

Citizens Financial Group Trading Down 0.6 %

Citizens Financial Group stock opened at $43.62 on Wednesday. Citizens Financial Group has a 1 year low of $30.24 and a 1 year high of $49.25. The firm’s 50 day moving average price is $45.04 and its 200-day moving average price is $41.68. 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 stock has a market cap of $19.22 billion, a P/E ratio of 17.17, a PEG ratio of 1.76 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts predict 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. Investors of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CFG. Oddo BHF Asset Management Sas bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $590,000. Franklin Resources Inc. increased its stake in Citizens Financial Group by 4.8% in the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after purchasing an additional 29,940 shares during the period. Tidal Investments LLC lifted its position in shares of Citizens Financial Group by 292.2% during the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank’s stock worth $2,869,000 after purchasing an additional 52,039 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Citizens Financial Group during the third quarter valued at $89,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Citizens Financial Group by 8.1% in the third quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock worth $1,806,000 after purchasing an additional 3,307 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.