Citizens Financial Group - CFG Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CFG shares.
View CFG analyst ratings or view top-rated stocks.

16 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 expect the company's stock price to reach $47.50 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
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Citizens Financial Group's stock was trading at $39.37 at the beginning of the year. Since then, CFG shares have increased by 11.1% and is now trading at $43.75.
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Citizens Financial Group saw a increase in short interest in 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 trading volume of 4,000,000 shares, the days-to-cover ratio is presently 2.7 days.
View Citizens Financial Group's Short Interest.

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

Citizens Financial Group, Inc. (NYSE:CFG) released its quarterly earnings results on Tuesday, October, 19th. The bank reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.02. The bank had revenue of $1.66 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $0.73 earnings per share.
Read the conference call transcript.

Citizens Financial Group announced a quarterly dividend on Friday, January 13th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.42 per share on Tuesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Monday, January 30th.
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 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.

Citizens Financial Group announced that its board has authorized a share buyback program on Monday, June 27th 2022, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management 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 a number of institutional and retail 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 AEGON ASSET MANAGEMENT UK Plc (0.16%). 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 $43.75.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $21.55 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 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.