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NYSE:CFG

Citizens Financial Group - CFG Stock Forecast, Price & News

$39.74
+0.23 (+0.58%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$39.22
$39.80
50-Day Range
$34.93
$40.09
52-Week Range
$34.35
$57.00
Volume
2.99 million shs
Average Volume
5.62 million shs
Market Capitalization
$19.70 billion
P/E Ratio
10.06
Dividend Yield
4.25%
Price Target
$48.33

Citizens Financial Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
21.6% Upside
$48.33 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Citizens Financial Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.31%
From $4.35 to $5.19 Per Share

Overall MarketRank

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

3.32 out of 5 stars

Finance Sector

11th out of 914 stocks

State Commercial Banks Industry

4th out of 192 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. It operates approximately 1,200 branches in 14 states and the District of Columbia; 114 retail and commercial non-branch offices in national markets; and approximately 3,300 automated teller machines. 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Credit Suisse Group dropped their target price on Citizens Financial Group to $42.00 in a research report on Friday, July 22nd. Stephens reduced their target price on shares of Citizens Financial Group from $59.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, June 13th. Royal Bank of Canada decreased their target price on shares of Citizens Financial Group from $58.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, July 7th. Barclays cut their price target on Citizens Financial Group from $62.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, July 20th. Finally, Robert W. Baird reissued an "outperform" rating and issued a $58.00 price objective on shares of Citizens Financial Group in a report on Thursday, April 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.33.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded up $0.23 during midday trading on Thursday, reaching $39.74. The company's stock had a trading volume of 2,993,654 shares, compared to its average volume of 5,620,193. Citizens Financial Group has a one year low of $34.35 and a one year high of $57.00. The company has a market cap of $19.70 billion, a price-to-earnings ratio of 10.00 and a beta of 1.41. The company has a 50 day moving average price of $36.92 and a 200 day moving average price of $42.47. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65.

Citizens Financial Group (NYSE:CFG - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The bank reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.35). Citizens Financial Group had a net margin of 25.04% and a return on equity of 10.26%. During the same period last year, the company posted $1.46 EPS. On average, equities research analysts expect that Citizens Financial Group will post 4.35 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 2nd were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, August 1st. This represents a $1.68 dividend on an annualized basis and a yield of 4.23%. This is a boost from Citizens Financial Group's previous quarterly dividend of $0.39. Citizens Financial Group's dividend payout ratio (DPR) is currently 42.53%.

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CFG Stock News Headlines

Citizens Financial Q2 Underlying Net Income Declines
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CFG Company Calendar

Last Earnings
7/19/2022
Ex-Dividend for 8/16 Dividend
8/01/2022
Dividend Payable
8/16/2022
Today
8/18/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
17,463
Year Founded
1828

Price Target and Rating

Average Stock Price Forecast
$48.33
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+21.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$2.32 billion
Pretax Margin
32.31%

Debt

Sales & Book Value

Annual Sales
$6.99 billion
Cash Flow
$7.10 per share
Book Value
$45.02 per share

Miscellaneous

Free Float
493,264,000
Market Cap
$19.70 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mr. Bruce Winfield Van Saun (Age 65)
    CEO & Chairman
  • Mr. John F. Woods (Age 58)
    Vice Chairman & CFO
    Comp: $1.83M
  • Mr. Donald H. McCree III (Age 60)
    Vice Chairman & Head of Commercial Banking Division
    Comp: $1.78M
  • Mr. Malcolm D. Griggs (Age 61)
    Chief Risk Officer
    Comp: $1.31M
  • Mr. Brendan  CoughlinMr. Brendan Coughlin (Age 42)
    Exec. VP & Head of Consumer Banking
    Comp: $1.26M
  • Mr. Craig Jack Read (Age 53)
    Exec. VP, Chief Accounting Officer & Controller
  • Mr. Michael Ruttledge (Age 53)
    Exec. VP, Chief Information Officer & Head of Technology Services
  • Ms. Kristin Silberberg
    Head of Investor Relations
  • Ms. Polly N. Klane
    Gen. Counsel & Chief Legal Officer
  • Ms. Susan LaMonica (Age 60)
    Exec. VP & Chief HR Officer













CFG Stock - Frequently Asked Questions

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 1 sell rating, 4 hold ratings and 8 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 2022?

13 brokerages have issued 1 year price targets for Citizens Financial Group's shares. Their CFG share price forecasts range from $33.00 to $58.00. On average, they anticipate the company's share price to reach $48.33 in the next twelve months. This suggests a possible upside of 21.6% 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 2022?

Citizens Financial Group's stock was trading at $47.25 at the start of the year. Since then, CFG shares have decreased by 15.9% and is now trading at $39.74.
View the best growth stocks for 2022 here
.

Are investors shorting Citizens Financial Group?

Citizens Financial Group saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,430,000 shares, a decline of 30.6% from the July 15th total of 7,820,000 shares. Based on an average daily volume of 4,960,000 shares, the short-interest ratio is presently 1.1 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 Wednesday, October 19th 2022.
View our CFG earnings forecast
.

How were Citizens Financial Group's earnings last quarter?

Citizens Financial Group, Inc. (NYSE:CFG) announced its quarterly earnings results on Tuesday, July, 19th. The bank reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.35. Citizens Financial Group had a net margin of 25.04% and a trailing twelve-month return on equity of 10.26%. During the same period in the previous year, the company earned $1.46 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 Tuesday, July 19th. Stockholders of record on Tuesday, August 2nd will be given a dividend of $0.42 per share on Tuesday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, August 1st. This is a positive change from the stock's previous quarterly dividend of $0.39.
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 4.25%. 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 42.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 32.37% 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 approved a stock buyback program on Monday, June 27th 2022, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 5.6% of its stock through open market purchases. Stock repurchase programs are often a sign 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 institutional and retail investors. Top institutional shareholders include State Street Corp (5.01%), FMR LLC (1.19%), Northern Trust Corp (1.10%), Nordea Investment Management AB (0.76%), Prudential Financial Inc. (0.58%) and Deutsche Bank AG (0.54%). Insiders that own company stock include Brendan Coughlin, Charles John Koch, Shivan S Subramaniam, Terrance Lillis and William P Hankowsky.
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 $39.74.

How much money does Citizens Financial Group make?

Citizens Financial Group (NYSE:CFG) has a market capitalization of $19.70 billion and generates $6.99 billion in revenue each year. The bank earns $2.32 billion in net income (profit) each year or $3.95 on an earnings per share basis.

How many employees does Citizens Financial Group have?

The company employs 17,463 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
When was Citizens Financial Group founded?

Citizens Financial Group was founded in 1828.

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 8/18/2022 by MarketBeat.com Staff

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