Citizens Financial Group (NYSE:CFG) PT Raised to $39.00 at Evercore ISI

Citizens Financial Group (NYSE:CFG - Free Report) had its price target hoisted by Evercore ISI from $35.00 to $39.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the bank's stock.

CFG has been the topic of a number of other research reports. UBS Group increased their target price on Citizens Financial Group from $37.00 to $38.00 and gave the stock a buy rating in a research note on Thursday, January 18th. StockNews.com downgraded Citizens Financial Group from a hold rating to a sell rating in a research report on Tuesday, March 5th. Morgan Stanley raised their price objective on Citizens Financial Group from $31.00 to $39.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Royal Bank of Canada increased their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an outperform rating in a research report on Thursday, January 18th. Finally, TheStreet raised shares of Citizens Financial Group from a c+ rating to a b- rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of Hold and a consensus target price of $35.63.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.47 during midday trading on Thursday, reaching $36.29. 3,765,345 shares of the stock traded hands, compared to its average volume of 5,954,991. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $16.64 billion, a PE ratio of 11.67 and a beta of 1.36. Citizens Financial Group has a one year low of $22.77 and a one year high of $36.35. The company's 50 day moving average is $32.75 and its 200 day moving average is $29.80.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.26). The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm's revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group will post 3.21 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Tuesday, January 30th. Citizens Financial Group's dividend payout ratio (DPR) is 54.02%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now owns 43,885 shares of the company's stock, valued at approximately $1,471,902.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company's stock.

Institutional Trading of Citizens Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its holdings in Citizens Financial Group by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 12,212 shares of the bank's stock valued at $327,000 after purchasing an additional 2,992 shares during the last quarter. Tudor Investment Corp Et Al increased its holdings in Citizens Financial Group by 123.0% in the 2nd quarter. Tudor Investment Corp Et Al now owns 491,005 shares of the bank's stock valued at $12,805,000 after purchasing an additional 270,777 shares during the last quarter. Point72 Middle East FZE increased its holdings in Citizens Financial Group by 115.3% in the 2nd quarter. Point72 Middle East FZE now owns 410,162 shares of the bank's stock valued at $10,697,000 after purchasing an additional 219,670 shares during the last quarter. Natixis acquired a new stake in Citizens Financial Group in the 2nd quarter valued at approximately $711,000. Finally, SeaTown Holdings Pte. Ltd. grew its stake in shares of Citizens Financial Group by 3,222.9% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank's stock worth $31,168,000 after acquiring an additional 1,128,000 shares in the last quarter. Institutional investors and hedge funds 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.