Citizens Financial Group - CFG Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFG shares.
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14 brokers have issued 1 year price objectives for Citizens Financial Group's stock. Their CFG share price forecasts range from $33.00 to $58.00. On average, they anticipate the company's share price to reach $48.44 in the next twelve months. This suggests a possible upside of 43.9% 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 start of the year. Since then, CFG shares have decreased by 28.8% and is now trading at $33.66.
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Citizens Financial Group saw a increase in short interest in August. As of August 15th, there was short interest totaling 5,890,000 shares, an increase of 8.5% from the July 31st total of 5,430,000 shares. Based on an average trading volume of 4,500,000 shares, the short-interest ratio is currently 1.3 days.
View Citizens Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our CFG earnings forecast.

Citizens Financial Group will be holding an earnings conference call on Wednesday, October 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 "8979691".

Citizens Financial Group, Inc. (NYSE:CFG) released its earnings results on Tuesday, July, 19th. The bank reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.12. The bank had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. Citizens Financial Group had a net margin of 25.04% and a trailing twelve-month return on equity of 10.26%. During the same quarter in the previous year, the business posted $1.46 earnings per share.
Read the conference call transcript.

Citizens Financial Group announced 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 dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, August 1st. This is a boost from the stock's previous quarterly dividend of $0.39.
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 4.88%. 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 32.81% 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 repurchase program on Monday, June 27th 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership 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 institutional and retail investors. Top institutional shareholders include State Street Corp (5.01%), Amundi (2.05%), FMR LLC (1.19%), Northern Trust Corp (1.10%), Legal & General Group Plc (0.80%) and Nordea Investment Management AB (0.76%). 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 $33.66.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $16.68 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.

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.