Citizens Financial Group, Inc. (NYSE:CFG) Receives Average Rating of "Moderate Buy" from Brokerages

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.50.

CFG has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. TD Cowen assumed coverage on Citizens Financial Group in a research report on Thursday, May 15th. They issued a "buy" rating and a $57.00 price objective for the company. Morgan Stanley lowered their price objective on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Barclays cut their price objective on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James reissued a "strong-buy" rating and issued a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded up $0.88 on Friday, reaching $40.45. 4,661,248 shares of the company traded hands, compared to its average volume of 4,816,070. The company's 50 day moving average is $38.43 and its 200-day moving average is $42.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $17.68 billion, a PE ratio of 13.35, a P/E/G ratio of 0.81 and a beta of 0.74. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, analysts anticipate that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at $26,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $28,000. Grove Bank & Trust grew its position in shares of Citizens Financial Group by 97.1% during the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank's stock valued at $28,000 after buying an additional 334 shares during the last quarter. Finally, Colonial Trust Co SC lifted its position in Citizens Financial Group by 673.0% in the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after purchasing an additional 774 shares during 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.