Citizens Financial Group (NYSE:CFG) PT Lowered to $35.00

Citizens Financial Group (NYSE:CFG - Get Free Report) had its target price dropped by equities researchers at Wedbush from $38.00 to $35.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. Wedbush's price target would indicate a potential upside of 6.38% from the stock's previous close.

A number of other analysts have also recently issued reports on the stock. TheStreet upgraded shares of Citizens Financial Group from a "c+" rating to a "b-" rating in a research note on Tuesday, December 26th. Citigroup upgraded shares of Citizens Financial Group from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Monday, February 5th. Royal Bank of Canada raised their target price on Citizens Financial Group from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, January 18th. Jefferies Financial Group boosted their price target on Citizens Financial Group from $35.00 to $36.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. Finally, UBS Group increased their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.88.

Citizens Financial Group Stock Down 0.4 %

Shares of NYSE CFG traded down $0.12 during mid-day trading on Thursday, reaching $32.90. The company had a trading volume of 5,066,244 shares, compared to its average volume of 5,895,538. The stock has a market capitalization of $15.08 billion, a PE ratio of 10.58 and a beta of 1.38. Citizens Financial Group has a twelve month low of $22.77 and a twelve month high of $36.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The stock's 50 day moving average is $33.28 and its 200-day moving average is $30.58.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its 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 7.40% and a net margin of 13.19%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The business's revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group will post 3.23 earnings per share for the current fiscal year.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the transaction, the insider now directly owns 43,885 shares in the company, valued at $1,471,902.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Citizens Financial Group

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of Citizens Financial Group by 23.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank's stock valued at $478,000 after acquiring an additional 1,980 shares in the last quarter. American Century Companies Inc. lifted its stake in Citizens Financial Group by 29.7% during the first quarter. American Century Companies Inc. now owns 53,879 shares of the bank's stock worth $2,442,000 after purchasing an additional 12,350 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Citizens Financial Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank's stock valued at $2,585,000 after purchasing an additional 3,531 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Citizens Financial Group by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank's stock valued at $3,229,000 after purchasing an additional 6,060 shares during the period. Finally, Blair William & Co. IL raised its holdings in shares of Citizens Financial Group by 1.5% in the 1st quarter. Blair William & Co. IL now owns 38,619 shares of the bank's stock worth $1,751,000 after buying an additional 586 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.