Citizens Financial Group (NYSE:CFG) Price Target Cut to $45.00 by Analysts at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $49.00 to $45.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 27.27% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Stephens restated an "overweight" rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial reduced their price objective on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, Citigroup dropped their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average target price of $45.82.

Citizens Financial Group Stock Up 2.5 %

CFG traded up $0.87 on Thursday, reaching $35.36. The company's stock had a trading volume of 1,944,348 shares, compared to its average volume of 4,780,449. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $49.25. The business's 50 day moving average is $40.65 and its 200 day moving average is $43.59. 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 cap of $15.46 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

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

Institutional Trading of Citizens Financial Group

Several large investors have recently made changes to their positions in CFG. Capital World Investors lifted its position in Citizens Financial Group by 3.3% during the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after buying an additional 1,131,838 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after purchasing an additional 124,860 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after purchasing an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after purchasing an additional 1,672,204 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Citizens Financial Group by 6.4% in the 4th quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after purchasing an additional 374,850 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Company Profile

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.