Citizens Financial Group Stock Price, News & Analysis (NYSE:CFG)

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CFG, but not buy additional shares or sell existing shares.
View CFG analyst ratings or view top-rated stocks.

15 equities research analysts have issued 12 month price targets for Citizens Financial Group's shares. Their CFG share price targets range from $26.00 to $44.00. On average, they anticipate the company's stock price to reach $34.07 in the next year. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for CFG or view top-rated stocks among Wall Street analysts.

Citizens Financial Group's stock was trading at $39.37 at the beginning of the year. Since then, CFG shares have decreased by 32.5% and is now trading at $26.58.
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Citizens Financial Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 24,320,000 shares, an increase of 9.7% from the October 31st total of 22,170,000 shares. Based on an average daily trading volume, of 5,390,000 shares, the short-interest ratio is currently 4.5 days.
View Citizens Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024.
View our CFG earnings forecast.

Citizens Financial Group will be holding an earnings conference call on Wednesday, January 17th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-207-1041 with passcode "9913757".

Citizens Financial Group, Inc. (NYSE:CFG) posted its quarterly earnings results on Wednesday, October, 18th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by $0.06. The bank earned $3.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Citizens Financial Group had a net margin of 17.61% and a trailing twelve-month return on equity of 9.60%. During the same period in the previous year, the business earned $1.30 EPS.
Read the conference call transcript.

Citizens Financial Group declared a quarterly dividend on Tuesday, October 17th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.42 per share on Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Tuesday, October 31st.
Read our dividend analysis for CFG.

Citizens Financial Group (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 6.25%. CFG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CFG.

ETFs with the largest weight of Citizens Financial Group (NYSE:CFG) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Proshares Equities For Rising Rates ETF (EQRR), AI Powered Equity ETF (AIEQ), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and SPDR S&P Regional Banking ETF (KRE).

Citizens Financial Group declared that its board has authorized a share repurchase program on Friday, February 17th 2023, which allows the company to repurchase $1,150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

893 employees have rated Citizens Financial Group Chief Executive Officer Bruce Van Saun on Glassdoor.com. Bruce Van Saun has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Citizens Financial Group investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), AT&T (T), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA), Johnson & Johnson (JNJ), Alibaba Group (BABA), CVS Health (CVS) and Pfizer (PFE).

Citizens Financial Group's stock is owned by many different institutional and retail investors. Top institutional investors include Invesco Ltd. (3.39%), Morgan Stanley (2.82%), Fuller & Thaler Asset Management Inc. (2.49%), Charles Schwab Investment Management Inc. (2.30%), LSV Asset Management (1.36%) and Royal Bank of Canada (1.19%). Insiders that own company stock include Brendan Coughlin, Kevin Cummings, Shivan S Subramaniam and Terrance Lillis.
View institutional ownership trends.

Shares of CFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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