Citizens Financial Group (CFG) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CFG shares.
View CFG analyst ratings or view top-rated stocks.

15 equities research analysts have issued 12 month price objectives for Citizens Financial Group's shares. Their CFG share price forecasts range from $27.00 to $44.00. On average, they expect the company's share price to reach $34.94 in the next twelve months. This suggests a possible upside of 32.7% 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 stock has decreased by 33.1% and is now trading at $26.33.
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Citizens Financial Group saw a increase in short interest in August. As of August 15th, there was short interest totaling 29,680,000 shares, an increase of 13.5% from the July 31st total of 26,150,000 shares. Based on an average trading volume of 6,420,000 shares, the short-interest ratio is presently 4.6 days.
View Citizens Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our CFG earnings forecast.

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

Citizens Financial Group, Inc. (NYSE:CFG) issued its quarterly earnings data on Wednesday, July, 19th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by $0.08. The bank earned $3.04 billion during the quarter, compared to analysts' expectations of $2.09 billion. Citizens Financial Group had a net margin of 20.41% and a trailing twelve-month return on equity of 10.68%. During the same quarter last year, the firm earned $1.14 EPS.
Read the conference call transcript.

Citizens Financial Group announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Wednesday, August 2nd will be given a dividend of $0.42 per share on Wednesday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 6.38%. The ex-dividend date is Tuesday, August 1st.
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 (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 6.31%. 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 38.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 45.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CFG.

Citizens Financial Group declared that its Board of Directors has initiated a share buyback plan on Friday, February 17th 2023, which authorizes the company to repurchase $1,150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFG."

Citizens Financial Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.79%), State Street Corp (5.33%), Capital International Investors (4.69%), Hotchkis & Wiley Capital Management LLC (3.40%), Charles Schwab Investment Management Inc. (2.32%) and Geode Capital Management LLC (2.17%). 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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One share of CFG stock can currently be purchased for approximately $26.33.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $12.44 billion and generates $8.66 billion in revenue each year. The bank earns $2.07 billion in net income (profit) each year or $4.40 on an earnings per share basis.

The company employs 18,889 workers across the globe.

Citizens Financial Group's mailing address is One Citizens Plaza, Providence RI, 02903. The official website for the company is www.citizensbank.com. The bank can be reached via phone at (203) 900-6715 or via email at cfginvestorrelations@citizensbank.com.