Jefferies Financial Group Increases Citizens Financial Group (NYSE:CFG) Price Target to $36.00

Citizens Financial Group (NYSE:CFG - Free Report) had its price objective boosted by Jefferies Financial Group from $35.00 to $36.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a hold rating on the bank's stock.

CFG has been the topic of a number of other reports. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a market perform rating in a report on Friday. Royal Bank of Canada lifted their target price on Citizens Financial Group from $33.00 to $35.00 and gave the stock an outperform rating in a research note on Thursday, January 18th. TheStreet upgraded Citizens Financial Group from a c+ rating to a b- rating in a research note on Tuesday, December 26th. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $31.00 to $35.00 and gave the stock a buy rating in a research report on Monday, December 18th. Finally, Evercore ISI increased their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company an in-line rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of Hold and a consensus price target of $35.88.

Citizens Financial Group Stock Up 2.9 %

CFG stock traded up $0.97 during mid-day trading on Monday, reaching $34.95. The company had a trading volume of 8,242,011 shares, compared to its average volume of 6,029,154. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 11.23 and a beta of 1.38. Citizens Financial Group has a 52 week low of $22.77 and a 52 week high of $36.38. The stock has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $30.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company posted $1.25 EPS. The company's quarterly revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts predict that Citizens Financial Group will post 3.23 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group's payout ratio is currently 54.02%.

Insider Buying and Selling

In related news, insider Craig Jack Read sold 4,508 shares of the 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 in the company, valued at approximately $1,471,902.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Citizens Financial Group

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its stake in shares of Citizens Financial Group by 100.8% during the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank's stock worth $26,000 after buying an additional 496 shares during the last quarter. Groupama Asset Managment bought a new stake in Citizens Financial Group during the 4th quarter worth $27,000. Resurgent Financial Advisors LLC acquired a new position in Citizens Financial Group in the 4th quarter worth about $28,000. Clear Street Markets LLC raised its position in Citizens Financial Group by 93.6% in the first quarter. Clear Street Markets LLC now owns 964 shares of the bank's stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $33,000. 94.90% of the stock is owned by institutional investors and hedge funds.

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.