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

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.

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.

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.
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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.

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

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.

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.

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), SPDR S&P Regional Banking ETF (KRE), Proshares Equities For Rising Rates ETF (EQRR), First Trust NASDAQ Rising Dividend Achievers (RDVY), Gabelli Financial Services Opportunities ETF (GABF) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI).

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.

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.

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 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.

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 $28.84.

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.

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.