Citizens Financial Group - CFG Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFG shares.
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17 Wall Street research analysts have issued 1 year target prices for Citizens Financial Group's stock. Their CFG share price forecasts range from $38.00 to $58.00. On average, they expect the company's share price to reach $47.78 in the next year. This suggests a possible upside of 53.6% 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 $39.37 at the beginning of the year. Since then, CFG stock has decreased by 21.0% and is now trading at $31.10.
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Citizens Financial Group saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 10,540,000 shares, a drop of 11.1% from the February 13th total of 11,860,000 shares. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is currently 2.8 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) posted its quarterly earnings results on Tuesday, January, 17th. The bank reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.30 by $0.05. The bank had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Citizens Financial Group had a trailing twelve-month return on equity of 11.24% and a net margin of 22.86%.

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 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date 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 5.43%. 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 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 declared that its Board of Directors has approved a stock repurchase program 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 programs are usually a sign 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 many different institutional and retail investors. Top institutional investors 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 $31.10.

Citizens Financial Group (NYSE:CFG) has a market capitalization of $15.06 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.