Citizens Financial Group - CFG Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CFG shares.
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17 analysts have issued 12 month price targets for Citizens Financial Group's shares. Their CFG share price forecasts range from $38.00 to $58.00. On average, they anticipate the company's stock price to reach $47.72 in the next twelve months. This suggests a possible upside of 57.1% from the stock's current price.
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Citizens Financial Group's stock was trading at $39.37 on January 1st, 2023. Since then, CFG stock has decreased by 22.9% and is now trading at $30.37.
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Citizens Financial Group saw a decrease in short interest in February. As of February 28th, there was short interest totaling 10,540,000 shares, a decrease of 11.1% from the February 13th total of 11,860,000 shares. Based on an average daily volume of 3,790,000 shares, the days-to-cover ratio is presently 2.8 days.
View Citizens Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our CFG earnings forecast.

Citizens Financial Group will be holding an earnings conference call on Wednesday, April 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-207-1041 with passcode "2817435".

Citizens Financial Group, Inc. (NYSE:CFG) announced its quarterly earnings data on Tuesday, January, 17th. The bank reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by $0.05. The bank had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.22 billion. Citizens Financial Group had a net margin of 22.86% and a trailing twelve-month return on equity of 11.24%.

Citizens Financial Group announced a quarterly dividend on Friday, January 13th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.42 per share on Tuesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Monday, January 30th.
Read our dividend analysis for CFG.

ETFs with the largest weight of Citizens Financial Group (NYSE:CFG) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), SPDR S&P Regional Banking ETF (KRE), Proshares Equities For Rising Rates ETF (EQRR), Qraft AI-Enhanced Next Value ETF (NVQ) and Gabelli Financial Services Opportunities ETF (GABF).

Citizens Financial Group (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 5.47%. 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 41.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 33.20% 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 has initiated a share buyback plan on Friday, February 17th 2023, which permits the company to repurchase $1,150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board 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 variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.72%), Amundi (2.97%), Charles Schwab Investment Management Inc. (2.30%), Geode Capital Management LLC (2.05%), LSV Asset Management (1.46%) and First Trust Advisors LP (1.18%). Insiders that own company stock include Brendan Coughlin, Charles John Koch, Kevin Cummings, 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 $30.37.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $14.71 billion and generates $9.07 billion in revenue each year. The bank earns $2.07 billion in net income (profit) each year or $4.08 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.