Analysts Set Citizens Financial Group, Inc. (NYSE:CFG) Target Price at $42.20

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.20.

A number of analysts recently commented on CFG shares. UBS Group raised their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Raymond James started coverage on shares of Citizens Financial Group in a research note on Thursday, July 11th. They issued a “market perform” rating on the stock. Jefferies Financial Group boosted their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $39.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Finally, DA Davidson boosted their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th.

Citizens Financial Group Trading Down 1.3 %

NYSE:CFG opened at $41.65 on Monday. The firm has a market capitalization of $18.95 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.42 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $41.13 and a 200 day moving average of $37.11. Citizens Financial Group has a 52 week low of $22.77 and a 52 week high of $43.96.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. On average, research analysts predict that Citizens Financial Group will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s payout ratio is 60.87%.

Insider Activity

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares in the company, valued at $1,454,401.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Trading of Citizens Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFG. Innealta Capital LLC purchased a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after acquiring an additional 678 shares in the last quarter. Private Ocean LLC increased its holdings in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after acquiring an additional 838 shares during the last quarter. Quarry LP lifted its stake in Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after purchasing an additional 714 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $48,000. Institutional investors own 94.90% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.