Citigroup Boosts Citizens Financial Group (NYSE:CFG) Price Target to $43.00

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price target boosted by research analysts at Citigroup from $39.00 to $43.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the bank's stock. Citigroup's price objective indicates a potential upside of 26.51% from the company's previous close.

A number of other research firms have also recently commented on CFG. Keefe, Bruyette & Woods increased 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 research report on Friday, April 5th. Jefferies Financial Group increased their target price on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Monday, April 8th. Morgan Stanley increased their target price on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Barclays cut shares of Citizens Financial Group from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Citizens Financial Group from a "c+" rating to a "b-" rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.29.

Citizens Financial Group Stock Up 3.3 %

Shares of CFG traded up $1.09 during mid-day trading on Friday, hitting $33.99. The company's stock had a trading volume of 7,999,178 shares, compared to its average volume of 5,923,239. The company's 50-day moving average is $33.33 and its 200-day moving average is $30.63. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $36.38. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 12.32 and a beta of 1.38. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the company posted $1.00 EPS. Citizens Financial Group's revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities research analysts forecast that Citizens Financial Group will post 3.25 EPS for the current fiscal year.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now owns 43,885 shares in the company, valued at $1,471,902.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company's stock.

Institutional Trading of Citizens Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Citizens Financial Group during the fourth quarter valued at $1,959,000. Alps Advisors Inc. grew its position in Citizens Financial Group by 32.5% during the third quarter. Alps Advisors Inc. now owns 12,212 shares of the bank's stock valued at $327,000 after buying an additional 2,992 shares during the period. ANTIPODES PARTNERS Ltd grew its position in Citizens Financial Group by 49.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank's stock valued at $42,970,000 after buying an additional 431,624 shares during the period. SeaTown Holdings Pte. Ltd. lifted its holdings in Citizens Financial Group by 3,222.9% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank's stock valued at $31,168,000 after purchasing an additional 1,128,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Citizens Financial Group by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 280,574 shares of the bank's stock valued at $7,373,000 after purchasing an additional 4,988 shares in the last quarter. Institutional investors and hedge funds 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.