Analysts Set Citizens Financial Group, Inc. (NYSE:CFG) Target Price at $49.00

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $49.00.

Several brokerages have commented on CFG. Piper Sandler raised their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CFG. Capital World Investors boosted its position in shares of Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock valued at $1,570,989,000 after buying an additional 1,131,838 shares during the last quarter. State Street Corp lifted its stake in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Geode Capital Management LLC lifted its stake in Citizens Financial Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock valued at $477,043,000 after acquiring an additional 124,860 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Citizens Financial Group by 27.8% during the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock valued at $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after acquiring an additional 1,672,204 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $47.47 on Thursday. The business has a 50 day moving average of $45.76 and a 200 day moving average of $43.85. Citizens Financial Group has a 52 week low of $30.30 and a 52 week high of $49.25. The company has a market cap of $20.75 billion, a PE ratio of 15.67, a P/E/G ratio of 0.81 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Citizens Financial Group will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Citizens Financial Group Company Profile

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.