Citizens Financial Group Inc. (NYSE:CFG) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Tuesday, July 12th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Wedbush assumed coverage on Citizens Financial Group in a research report on Thursday, October 6th. They issued an “outperform” rating and a $29.00 price objective on the stock. Oppenheimer Holdings Inc. set a $25.00 price objective on Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Finally, TheStreet upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.21.
Citizens Financial Group (NYSE:CFG) traded up 0.19% during midday trading on Tuesday, hitting $32.46. The company’s stock had a trading volume of 1,506,994 shares. The stock has a 50 day moving average of $27.67 and a 200 day moving average of $23.98. Citizens Financial Group has a 52-week low of $18.04 and a 52-week high of $32.63. The company has a market cap of $16.82 billion, a PE ratio of 17.64 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts expect that Citizens Financial Group will post $1.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. Citizens Financial Group’s payout ratio is presently 25.95%.
Several hedge funds have recently bought and sold shares of CFG. Tower Research Capital LLC TRC boosted its stake in Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock valued at $105,000 after buying an additional 4,729 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in Citizens Financial Group during the third quarter valued at $106,000. Point72 Asset Management L.P. purchased a new stake in Citizens Financial Group during the second quarter valued at $110,000. Capital Analysts LLC boosted its stake in Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock valued at $111,000 after buying an additional 1,462 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock valued at $116,000 after buying an additional 2,814 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.
Citizens Financial Group Company Profile