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NYSE:CFG

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

$28.15
-0.68 (-2.36%)
(As of 02:45 PM ET)
Compare
Today's Range
$28.13
$28.91
50-Day Range
$24.80
$30.94
52-Week Range
$23.37
$44.82
Volume
3.59 million shs
Average Volume
7.32 million shs
Market Capitalization
$13.62 billion
P/E Ratio
6.78
Dividend Yield
5.97%
Price Target
$43.18

Citizens Financial Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
51.7% Upside
$43.18 Price Target
Short Interest
Bearish
5.30% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Citizens Financial Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$121,397 Bought Last Quarter
Proj. Earnings Growth
-2.88%
From $4.51 to $4.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Finance Sector

105th out of 863 stocks

State Commercial Banks Industry

33rd out of 177 stocks


CFG stock logo

About Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association 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. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment 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. 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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CFG Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Citizens Bank To Pay $9 Mln Penalty In Settlement To CFPB
Analyst Expectations for Citizens Financial Group's Future
See More Headlines

CFG Price History

CFG Company Calendar

Last Earnings
4/19/2023
Ex-Dividend for 5/17 Dividend
5/02/2023
Dividend Payable
5/17/2023
Today
6/09/2023
Next Earnings (Estimated)
7/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
18,889
Year Founded
1828

Price Target and Rating

Average Stock Price Forecast
$43.18
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+49.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$2.07 billion
Pretax Margin
27.16%

Debt

Sales & Book Value

Annual Sales
$8.54 billion
Cash Flow
$5.40 per share
Book Value
$44.01 per share

Miscellaneous

Free Float
481,423,000
Market Cap
$13.96 billion
Optionable
Optionable
Beta
1.33

Social Links


Key Executives

  • Mr. Bruce Winfield Van Saun (Age 66)
    CEO & Chairman
  • Mr. John F. Woods (Age 59)
    Vice Chairman & CFO
    Comp: $1.96M
  • Mr. Donald H. McCree III (Age 61)
    Vice Chairman & Head of Commercial Banking Division
    Comp: $1.94M
  • Mr. Malcolm D. Griggs (Age 62)
    Exec. VP & Chief Risk Officer
    Comp: $1.39M
  • Mr. Brendan  CoughlinMr. Brendan Coughlin (Age 43)
    Exec. VP, Head of Consumer Banking & Vice Chairman
    Comp: $1.49M
  • Mr. Craig Jack Read (Age 54)
    Exec. VP, Chief Accounting Officer & Controller
  • Mr. Theodore C. Swimmer
    Head of Corp. Fin. & Capital Markets
  • Mr. Michael Ruttledge (Age 59)
    Exec. VP, Chief Information Officer & Head of Technology Services
  • Ms. Kristin Silberberg
    Head of Investor Relations
  • Ms. Polly Nyquist Klane (Age 53)
    Exec. VP, Gen. Counsel & Chief Legal Officer













CFG Stock - Frequently Asked Questions

Should I buy or sell Citizens Financial Group stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFG shares.
View CFG analyst ratings
or view top-rated stocks.

What is Citizens Financial Group's stock price forecast for 2023?

16 brokerages have issued 1 year target prices for Citizens Financial Group's stock. Their CFG share price forecasts range from $33.00 to $53.00. On average, they expect the company's stock price to reach $43.18 in the next year. This suggests a possible upside of 49.7% from the stock's current price.
View analysts price targets for CFG
or view top-rated stocks among Wall Street analysts.

How have CFG shares performed in 2023?

Citizens Financial Group's stock was trading at $39.37 at the beginning of the year. Since then, CFG shares have decreased by 26.8% and is now trading at $28.8350.
View the best growth stocks for 2023 here
.

Are investors shorting Citizens Financial Group?

Citizens Financial Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 25,630,000 shares, an increase of 33.6% from the April 30th total of 19,180,000 shares. Based on an average daily volume of 9,410,000 shares, the short-interest ratio is presently 2.7 days.
View Citizens Financial Group's Short Interest
.

When is Citizens Financial Group's next earnings date?

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

How were Citizens Financial Group's earnings last quarter?

Citizens Financial Group, Inc. (NYSE:CFG) posted its quarterly earnings results on Wednesday, April, 19th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.11. The bank had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. Citizens Financial Group had a trailing twelve-month return on equity of 11.12% and a net margin of 21.12%. The company's revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS.
Read the conference call transcript
.

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

Citizens Financial Group declared a quarterly dividend on Wednesday, April 19th. Investors of record on Wednesday, May 3rd will be given a dividend of $0.42 per share on Wednesday, May 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Tuesday, May 2nd.
Read our dividend analysis for CFG
.

Is Citizens Financial Group a good dividend stock?

Citizens Financial Group (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 5.79%. 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 40.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 38.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CFG.

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

Citizens Financial Group declared that its board has initiated a share buyback plan on Friday, February 17th 2023, which authorizes the company to repurchase $1,150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

What is Bruce Van Saun's approval rating as Citizens Financial Group's CEO?

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.

What other stocks do shareholders of Citizens Financial Group own?

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).

What is Citizens Financial Group's stock symbol?

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

Who are Citizens Financial Group's major shareholders?

Citizens Financial Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.89%), State Street Corp (5.28%), JPMorgan Chase & Co. (2.58%), Charles Schwab Investment Management Inc. (2.43%), Geode Capital Management LLC (2.11%) and Hotchkis & Wiley Capital Management LLC (2.09%). Insiders that own company stock include Brendan Coughlin, Kevin Cummings, Shivan S Subramaniam and Terrance Lillis.
View institutional ownership trends
.

How do I buy shares of Citizens Financial Group?

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.
Compare Top Brokerages Here.

What is Citizens Financial Group's stock price today?

One share of CFG stock can currently be purchased for approximately $28.84.

How much money does Citizens Financial Group make?

Citizens Financial Group (NYSE:CFG) has a market capitalization of $13.96 billion and generates $9.07 billion in revenue each year. The bank earns $2.07 billion in net income (profit) each year or $4.15 on an earnings per share basis.

How many employees does Citizens Financial Group have?

The company employs 18,889 workers across the globe.

Does Citizens Financial Group have any subsidiaries?
The following companies are subsidiares of Citizens Financial Group: 1215 Financial Center Associates Ltd., 5801 Southfield Service Drive Corp., CFG Service Corp., CSB Investment Corp., Citizens Asset Finance Inc., Citizens Bank National Association, Citizens Capital Markets Inc., Citizens Charitable Foundation, Citizens Funding Corp., Citizens Insurance Holdings Inc., Citizens One Community Development Corporation, Citizens One NMTC CDE Corp., Citizens One NMTC CDE LLC I, Citizens One NMTC CDE LLC II, Citizens One NMTC CDE LLC III, Citizens One NMTC CDE LLC IV, Citizens One NMTC CDE LLC V, Citizens RI Investment Corp. IV, Citizens Securities Inc., Citizens Ventures Incorporated, Clarfeld Financial Advisors LLC, Connecticut Realty Investors Inc., Court Street Holding Inc., Estate Preservation Services LLC, Franklin American Mortgage Company, ICX Corporation, Lexington Savings Corp., Mass Investment Corp., Minuteman Investments Corporation, Montgomery Service Corporation, New England Acceptance Corporation, PA Investment Corp. I, PA Investment Corp. II, PA Investment Corp. V, RBS Citizens Insurance Agency Inc., RI Realty Trust Inc., Servco Inc., Thistle Group Holding Co., Trinity Capital, West Register Citizens Corp., Western Reserve Partners, and Windsor Realty Corp..
Read More
How can I contact Citizens Financial Group?

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.

This page (NYSE:CFG) was last updated on 6/9/2023 by MarketBeat.com Staff

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