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

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$35.23 -0.72 (-2.00 %)
(As of 11/21/2018 03:21 AM ET)
Previous Close$35.95
Today's Range$35.08 - $35.84
52-Week Range$34.88 - $48.23
Volume5.54 million shs
Average Volume4.66 million shs
Market Capitalization$16.97 billion
P/E Ratio13.66
Dividend Yield2.98%
Beta1.25
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking, savings, home loans, education loans, credit cards, business loans, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses. This segment also provides indirect auto finance for new and used vehicles through auto dealerships. The Commercial Banking segment offers various financial products and solutions, such as loans, leases, trade financing, deposits, cash management, commercial cards, foreign exchange, interest rate risk management, corporate finance, and capital markets advisory capabilities. It serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries focusing on middle-market companies, large corporations, and institutions. Citizens Financial Group, Inc. operates approximately 1,150 branches in 11 states across the New England, Mid-Atlantic, and Midwest regions, as well as through online, telephone, and mobile banking platforms; and maintains approximately 130 retail and commercial non-branch offices located in its banking footprint and in other states, and the District of Columbia. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:CFG
Previous Symbol
CUSIPN/A
Phone401-456-7000

Debt

Debt-to-Equity Ratio0.79
Current Ratio1.00
Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio13.66
Forward P/E Ratio10.01
P/E Growth0.67

Sales & Book Value

Annual Sales$6.45 billion
Price / Sales2.55
Cash Flow$3.5265 per share
Price / Cash9.99
Book Value$40.70 per share
Price / Book0.87

Profitability

EPS (Most Recent Fiscal Year)$2.58
Net Income$1.65 billion
Net Margins27.12%
Return on Equity8.11%
Return on Assets1.04%

Miscellaneous

Employees17,600
Outstanding Shares467,910,000
Market Cap$16.97 billion
OptionableOptionable

Citizens Financial Group (NYSE:CFG) Frequently Asked Questions

What is Citizens Financial Group's stock symbol?

Citizens Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFG."

How often does Citizens Financial Group pay dividends? What is the dividend yield for Citizens Financial Group?

Citizens Financial Group announced a quarterly dividend on Monday, October 22nd. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.27 per share on Wednesday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Tuesday, October 30th. View Citizens Financial Group's Dividend History.

How will Citizens Financial Group's stock buyback program work?

Citizens Financial Group declared that its board has authorized a share repurchase program on Thursday, June 29th 2017, which authorizes the company to repurchase $850,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

How were Citizens Financial Group's earnings last quarter?

Citizens Financial Group Inc (NYSE:CFG) announced its quarterly earnings results on Friday, October, 19th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.03. The bank had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.56 billion. Citizens Financial Group had a return on equity of 8.11% and a net margin of 27.12%. The company's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. View Citizens Financial Group's Earnings History.

When is Citizens Financial Group's next earnings date?

Citizens Financial Group is scheduled to release their next quarterly earnings announcement on Friday, January 18th 2019. View Earnings Estimates for Citizens Financial Group.

How can I listen to Citizens Financial Group's earnings call?

Citizens Financial Group will be holding an earnings conference call on Friday, January 18th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CFG?

11 brokerages have issued 12 month target prices for Citizens Financial Group's stock. Their predictions range from $34.00 to $52.00. On average, they expect Citizens Financial Group's share price to reach $45.10 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for Citizens Financial Group.

What is the consensus analysts' recommendation for Citizens Financial Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Citizens Financial Group.

What are Wall Street analysts saying about Citizens Financial Group stock?

Here are some recent quotes from research analysts about Citizens Financial Group stock:
  • 1. According to Zacks Investment Research, "Shares of Citizens Financial have outperformed the industry in the past year. Also, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Third-quarter results reflect robust organic growth on the back of margin expansion and higher loans balance. Citizens Financial launched a fresh TOP V Program, which targets pre-tax benefit of $90-$100 million by 2019-end. Also, it remains on track with its TOP IV initiatives, anticipated to achieve pre-tax benefit of $105-$110 million by the end of 2018 and boost earnings. Though significant exposure to commercial loans and to pending legal cases remain concerns, strong capital position keeps the company poised to undertake opportunistic growth strategies." (11/20/2018)
  • 2. Citigroup Inc analysts commented, "CFG reported better than expected results: $0.78 vs. our/consensus’ $0.76 estimates. The $0.02 beat was split ~50/50 between net income and lower share count when compared to our estimates. The bigger takeaway is that the slow, steady momentum continues. The ROTCE trend remains up and to the right with 1Q18 ROTCE coming in at 11.5%, on their way to the 13-15% medium-term target. TOP V was hinted at (could hear more in July) and, given that finding efficiencies has been one of management’s strengths, we see no reason to expect the savings to be off trend from $75-100M in annual savings. Core" efficiency ratio has dropped from 67.6% in 1Q15 to 60.4% in 1Q18 showing a dedication to improvement outside of just NIM expansion." (4/20/2018)

Has Citizens Financial Group been receiving favorable news coverage?

News articles about CFG stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Citizens Financial Group earned a news sentiment score of 2.1 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the immediate future.

Who are some of Citizens Financial Group's key competitors?

Who are Citizens Financial Group's key executives?

Citizens Financial Group's management team includes the folowing people:
  • Mr. Bruce W. Van Saun, Chairman, Pres & CEO (Age 61)
  • Mr. John F. Woods, Exec. VP & CFO (Age 54)
  • Mr. Stephen T. Gannon, Chief Legal Officer, Exec. VP & Gen. Counsel (Age 65)
  • Mr. Brad L. Conner, Vice Chairman of Consumer Banking (Age 56)
  • Mr. Donald H. McCree III, Vice Chairman & Head of Commercial Banking Division (Age 56)

Who are Citizens Financial Group's major shareholders?

Citizens Financial Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.95%), Franklin Resources Inc. (4.51%), JPMorgan Chase & Co. (3.63%), LSV Asset Management (1.77%), TIAA CREF Investment Management LLC (1.50%) and Bank of Montreal Can (1.12%). Company insiders that own Citizens Financial Group stock include Charles John Koch, Leo I Higdon Jr, Randall J Black and Wendy A Watson. View Institutional Ownership Trends for Citizens Financial Group.

Which major investors are selling Citizens Financial Group stock?

CFG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Deutsche Bank AG, Banco Santander S.A., Point72 Asset Management L.P., First Trust Advisors LP, AQR Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp and CIBC World Markets Inc.. Company insiders that have sold Citizens Financial Group company stock in the last year include Randall J Black and Wendy A Watson. View Insider Buying and Selling for Citizens Financial Group.

Which major investors are buying Citizens Financial Group stock?

CFG stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of Montreal Can, BlackRock Inc., LSV Asset Management, Panagora Asset Management Inc., Morgan Stanley, Epoch Investment Partners Inc. and SPX Equities Gestao de Recursos Ltda. Company insiders that have bought Citizens Financial Group stock in the last two years include Charles John Koch and Leo I Higdon Jr. View Insider Buying and Selling for Citizens Financial Group.

How do I buy shares of Citizens Financial Group?

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

What is Citizens Financial Group's stock price today?

One share of CFG stock can currently be purchased for approximately $35.23.

How big of a company is Citizens Financial Group?

Citizens Financial Group has a market capitalization of $16.97 billion and generates $6.45 billion in revenue each year. The bank earns $1.65 billion in net income (profit) each year or $2.58 on an earnings per share basis. Citizens Financial Group employs 17,600 workers across the globe.

What is Citizens Financial Group's official website?

The official website for Citizens Financial Group is http://www.citizensbank.com.

How can I contact Citizens Financial Group?

Citizens Financial Group's mailing address is One Citizens Plaza, Providence RI, 02903. The bank can be reached via phone at 401-456-7000 or via email at [email protected]


MarketBeat Community Rating for Citizens Financial Group (NYSE CFG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  346 (Vote Outperform)
Underperform Votes:  387 (Vote Underperform)
Total Votes:  733
MarketBeat's community ratings are surveys of what our community members think about Citizens Financial Group and other stocks. Vote "Outperform" if you believe CFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2018 by MarketBeat.com Staff

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