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NYSE:CFG

Citizens Financial Group - CFG Stock Forecast, Price & News

$43.97
+0.19 (+0.43%)
(As of 02/7/2023 09:46 AM ET)
Add
Compare
Today's Range
$43.55
$44.00
50-Day Range
$38.05
$44.46
52-Week Range
$32.65
$56.11
Volume
88,546 shs
Average Volume
3.83 million shs
Market Capitalization
$21.65 billion
P/E Ratio
10.78
Dividend Yield
3.78%
Price Target
$47.50

Citizens Financial Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
8.5% Upside
$47.50 Price Target
Short Interest
Healthy
2.17% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of Citizens Financial Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.39%
From $5.04 to $5.11 Per Share

Overall MarketRank

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

2.54 out of 5 stars

Finance Sector

236th out of 850 stocks

State Commercial Banks Industry

53rd out of 177 stocks

CFG stock logo

About Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

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CFG Stock News Headlines

Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Citizens is Official Sponsor of House of Blues Boston
U.S. lender Citizens stepping back from auto loans: CEO
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
CFG Citizens Financial Group, Inc.
Robert W. Baird Reaffirms Their Buy Rating on Citizens Financial (CFG)
Company News for Jan 18, 2023
See More Headlines
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CFG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 11/16 Dividend
11/01/2022
Dividend Payable
11/16/2022
Ex-Dividend for 2/14 Dividend
1/30/2023
Today
2/07/2023
Dividend Payable
2/14/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

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
$47.50
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$2.07 billion
Pretax Margin
29.28%

Debt

Sales & Book Value

Annual Sales
$9.07 billion
Cash Flow
$7.08 per share
Book Value
$44.01 per share

Miscellaneous

Free Float
490,127,000
Market Cap
$21.65 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • Bruce Winfield van Saun
    Chairman & Chief Executive Officer
  • John F. Woods
    Vice Chairman & Chief Financial Officer
  • Michael Ruttledge
    Chief Information Officer
  • Brendan CoughlinBrendan Coughlin
    Executive Vice President & Head-Consumer Banking
  • Susan LaMonica
    Chief Human Resources Officer & Executive VP













CFG Stock - Frequently Asked Questions

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 5 hold ratings and 11 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 2023?

16 analysts have issued 1-year price targets for Citizens Financial Group's stock. Their CFG share price forecasts range from $38.00 to $58.00. On average, they predict the company's stock price to reach $47.50 in the next twelve months. This suggests a possible upside of 8.5% 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 2023?

Citizens Financial Group's stock was trading at $39.37 at the beginning of the year. Since then, CFG stock has increased by 11.2% and is now trading at $43.78.
View the best growth stocks for 2023 here
.

Are investors shorting Citizens Financial Group?

Citizens Financial Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 10,700,000 shares, an increase of 61.1% from the December 31st total of 6,640,000 shares. Based on an average daily volume of 4,000,000 shares, the short-interest ratio is presently 2.7 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 Tuesday, April 18th 2023.
View our CFG earnings forecast
.

How were Citizens Financial Group's earnings last quarter?

Citizens Financial Group, Inc. (NYSE:CFG) posted its quarterly earnings results on Tuesday, October, 19th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. The bank had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Citizens Financial Group had a trailing twelve-month return on equity of 11.24% and a net margin of 22.86%. During the same period in the previous year, the business posted $0.73 earnings per share.
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 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 3.84%. The ex-dividend date is Monday, January 30th.
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 3.78%. 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 32.88% 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 initiated a stock buyback plan on Monday, June 27th 2022, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board 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 a variety of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Scout Investments Inc. (0.26%), New York State Common Retirement Fund (0.20%), Todd Asset Management LLC (0.20%) and Bruni J V & Co. Co. (0.16%). 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 $43.78.

How much money does Citizens Financial Group make?

Citizens Financial Group (NYSE:CFG) has a market capitalization of $21.56 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.

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
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 2/7/2023 by MarketBeat.com Staff