Citizens Financial Group - CFG Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CFG shares.
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15 brokers have issued 1 year price objectives for Citizens Financial Group's shares. Their CFG share price forecasts range from $38.00 to $58.00. On average, they predict the company's share price to reach $47.29 in the next twelve months. This suggests a possible upside of 20.3% 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 the year. Since then, CFG shares have decreased by 16.8% and is now trading at $39.32.
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Citizens Financial Group saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 7,360,000 shares, a decline of 17.9% from the October 31st total of 8,960,000 shares. Based on an average daily volume of 4,420,000 shares, the days-to-cover ratio is currently 1.7 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) issued its quarterly earnings results on Wednesday, October, 19th. The bank reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.09. The bank earned $2.18 billion during the quarter, compared to analyst estimates of $2.13 billion. Citizens Financial Group had a trailing twelve-month return on equity of 10.88% and a net margin of 24.05%. During the same period in the prior year, the company earned $1.22 EPS.
Read the conference call transcript.

Citizens Financial Group announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Wednesday, November 2nd will be paid a dividend of $0.42 per share on Wednesday, November 16th. This represents a $1.68 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date 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 4.26%. 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 announced that its Board of Directors has initiated a share buyback program on Monday, June 27th 2022, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 5.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are 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 a number of retail and institutional investors. Top institutional shareholders 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.
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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 $39.32.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $19.36 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.