Citizens Financial Group, Inc. (NYSE:CFG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.18.

Several brokerages have recently weighed in on CFG. Truist Financial dropped their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price objective on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stephens cut their target price on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Piper Sandler decreased their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th.

Citizens Financial Group Trading Up 1.2 %

Shares of CFG stock traded up $0.44 during mid-day trading on Tuesday, hitting $37.33. The company's stock had a trading volume of 3,201,039 shares, compared to its average volume of 4,792,918. The company has a market cap of $16.32 billion, a PE ratio of 12.32, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company's fifty day simple moving average is $39.34 and its 200-day simple moving average is $43.34. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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, equities research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.50%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital World Investors lifted its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Citizens Financial Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after buying an additional 124,860 shares during the period. Wellington Management Group LLP grew its stake in Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Citizens Financial Group by 20.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after acquiring an additional 1,672,204 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Citizens Financial Group by 6.4% during the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after acquiring an additional 374,850 shares in 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.