Citizens Financial Group - CFG Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CFG shares.
View CFG analyst ratings or view top-rated stocks.

15 brokers have issued 1-year target prices for Citizens Financial Group's stock. Their CFG share price forecasts range from $33.00 to $58.00. On average, they expect the company's stock price to reach $46.71 in the next year. This suggests a possible upside of 11.4% 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 $47.25 at the beginning of 2022. Since then, CFG shares have decreased by 11.3% and is now trading at $41.91.
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Citizens Financial Group saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 8,960,000 shares, an increase of 72.6% from the October 15th total of 5,190,000 shares. Based on an average daily trading volume, of 4,400,000 shares, the short-interest ratio is presently 2.0 days.
View Citizens Financial Group's Short Interest.

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

Citizens Financial Group, Inc. (NYSE:CFG) announced its earnings results on Wednesday, October, 19th. The bank reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.09. The bank earned $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. Citizens Financial Group had a net margin of 24.05% and a trailing twelve-month return on equity of 10.88%. During the same period in the previous year, the company posted $1.22 earnings per share.
Read the conference call transcript.

Citizens Financial Group declared a quarterly dividend on Wednesday, October 19th. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.42 per share on Wednesday, November 16th. This represents a $1.68 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, November 1st.
Read our dividend analysis for CFG.

Citizens Financial Group (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.04%. 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 42.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 33.07% 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 approved a share repurchase plan on Monday, June 27th 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board 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 investors include Vanguard Group Inc. (11.73%), BlackRock Inc. (9.63%), State Street Corp (5.30%), LSV Asset Management (1.61%), First Trust Advisors LP (1.20%) and Royal Bank of Canada (1.11%). Insiders that own company stock include Brendan Coughlin, Charles John Koch, Shivan S Subramaniam, Terrance Lillis and William P Hankowsky.
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 $41.91.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $20.64 billion and generates $6.99 billion in revenue each year. The bank earns $2.32 billion in net income (profit) each year or $4.00 on an earnings per share basis.

The company employs 17,463 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.