NYSE:CFG - Citizens Financial Group Stock Price, Price Target & More

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$41.76 -0.09 (-0.22 %)
(As of 06/19/2018 04:00 PM ET)
Previous Close$41.21
Today's Range$41.18 - $41.88
52-Week Range$31.51 - $48.23
Volume348,890 shs
Average Volume4.85 million shs
Market Capitalization$20.21 billion
P/E Ratio16.21
Dividend Yield2.11%
Beta1.39
Citizens Financial Group logoCitizens 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

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CFG
CUSIPN/A
Webwww.citizensbank.com
Phone401-456-7000

Debt

Debt-to-Equity Ratio0.68
Current Ratio0.98
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio16.21
Forward P/E Ratio12.10
P/E Growth0.57

Sales & Book Value

Annual Sales$6.45 billion
Price / Sales3.14
Cash Flow$3.6345 per share
Price / Cash11.49
Book Value$40.70 per share
Price / Book1.03

Profitability

EPS (Most Recent Fiscal Year)$2.58
Net Income$1.65 billion
Net Margins26.00%
Return on Equity7.06%
Return on Assets0.92%

Miscellaneous

Employees17,600
Outstanding Shares484,730,000

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 declared a quarterly dividend on Monday, April 23rd. Shareholders of record on Wednesday, May 2nd will be given a dividend of $0.22 per share on Wednesday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, May 1st. 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 approved a stock repurchase program on Thursday, June 29th 2017, which authorizes the company to buyback $850,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Citizens Financial Group's earnings last quarter?

Citizens Financial Group Inc (NYSE:CFG) announced its quarterly earnings data on Friday, April, 20th. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The bank had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. Citizens Financial Group's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 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, July, 20th 2018. View Earnings Estimates for Citizens Financial Group.

What price target have analysts set for CFG?

12 brokerages have issued 12 month target prices for Citizens Financial Group's shares. Their forecasts range from $34.00 to $53.00. On average, they expect Citizens Financial Group's share price to reach $45.90 in the next year. 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 over the past six months. Also, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company is on track with its TOP IV initiatives which are anticipated to achieve pre-tax benefit of $95-$110 million by the end of 2018 and boost earnings. Its strong capital position keeps the company poised to undertake opportunistic growth strategies. However, significant exposure to commercial loans remains a concern. Also, exposure to pending legal cases might keep costs elevated in the near term. Nevertheless, it continues to benefit from improving loans and deposit balances and is well positioned to grow as the U.S. economy is gaining traction." (6/1/2018)
  • 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)

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)

Has Citizens Financial Group been receiving favorable news coverage?

Media headlines about CFG stock have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.13 on Accern's scale. They also assigned media stories about the bank an impact score of 45.58 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are Citizens Financial Group's major shareholders?

Citizens Financial Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.67%), Franklin Resources Inc. (4.48%), JPMorgan Chase & Co. (2.70%), Lord Abbett & CO. LLC (1.37%), Northern Trust Corp (1.16%) and Victory Capital Management Inc. (1.09%). Company insiders that own Citizens Financial Group stock include Leo I Higdon Jr, Randall J Black and Wendy A Watson. View Institutional Ownership Trends for Citizens Financial Group.

Which institutional investors are selling Citizens Financial Group stock?

CFG stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, JPMorgan Chase & Co., BlackRock Inc., Victory Capital Management Inc., Epoch Investment Partners Inc., Scout Investments Inc., Todd Asset Management LLC and Segall Bryant & Hamill LLC. 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 institutional investors are buying Citizens Financial Group stock?

CFG stock was purchased by a variety of institutional investors in the last quarter, including PointState Capital LP, LSV Asset Management, The Manufacturers Life Insurance Company, Millennium Management LLC, Teacher Retirement System of Texas, Natixis, Schroder Investment Management Group and Wells Fargo & Company MN. 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 $41.81.

How big of a company is Citizens Financial Group?

Citizens Financial Group has a market capitalization of $20.21 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.

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 (CFG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  308 (Vote Outperform)
Underperform Votes:  341 (Vote Underperform)
Total Votes:  649
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 6/19/2018 by MarketBeat.com Staff
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