Today, Citizens Financial Group Inc. (CFG) Upgrade by Keefe, Bruyette & Woods to Outperform

Today, Citizens Financial Group Inc. (CFG) Upgrade by Keefe, Bruyette & Woods to Outperform

Citizens Financial Group Inc. (NYSE:CFG) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Tuesday.

Other analysts have also recently issued research reports about the stock. Citigroup Inc. raised their target price on shares of Citizens Financial Group from $23.00 to $26.00 in a report on Thursday, September 8th. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Friday, October 21st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 1st. TheStreet raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Finally, Sandler O’Neill cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Citizens Financial Group has an average rating of “Hold” and an average target price of $29.21.

Citizens Financial Group (NYSE:CFG) traded up 1.20% during midday trading on Tuesday, hitting $32.16. The stock had a trading volume of 635,439 shares. The stock has a 50 day moving average of $27.85 and a 200 day moving average of $24.08. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $32.63. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 17.48 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Analysts expect that Citizens Financial Group will post $1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.

Several institutional investors have recently made changes to their positions in CFG. State Street Corp raised its position in shares of Citizens Financial Group by 7.3% in the second quarter. State Street Corp now owns 25,612,033 shares of the company’s stock worth $511,744,000 after buying an additional 1,742,434 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Citizens Financial Group by 2.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 21,946,583 shares of the company’s stock worth $438,493,000 after buying an additional 565,866 shares during the period. JPMorgan Chase & Co. raised its position in shares of Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock worth $434,694,000 after buying an additional 2,594,312 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Citizens Financial Group by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,033,151 shares of the company’s stock worth $445,599,000 after buying an additional 1,631,468 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Citizens Financial Group by 4.8% in the second quarter. Lord Abbett & CO. LLC now owns 11,471,620 shares of the company’s stock worth $229,203,000 after buying an additional 528,729 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Citizens Financial Group

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Today, Citizens Financial Group Inc. (CFG) Upgrade by Keefe, Bruyette & Woods to Outperform

Today, Citizens Financial Group Inc. (CFG) Upgrade by Keefe, Bruyette & Woods to Outperform

Citizens Financial Group Inc. (NYSE:CFG) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Tuesday.

Other analysts have also recently issued research reports about the stock. Citigroup Inc. raised their target price on shares of Citizens Financial Group from $23.00 to $26.00 in a report on Thursday, September 8th. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Friday, October 21st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 1st. TheStreet raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Finally, Sandler O’Neill cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Citizens Financial Group has an average rating of “Hold” and an average target price of $29.21.

Citizens Financial Group (NYSE:CFG) traded up 1.20% during midday trading on Tuesday, hitting $32.16. The stock had a trading volume of 635,439 shares. The stock has a 50 day moving average of $27.85 and a 200 day moving average of $24.08. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $32.63. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 17.48 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Analysts expect that Citizens Financial Group will post $1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.

Several institutional investors have recently made changes to their positions in CFG. State Street Corp raised its position in shares of Citizens Financial Group by 7.3% in the second quarter. State Street Corp now owns 25,612,033 shares of the company’s stock worth $511,744,000 after buying an additional 1,742,434 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Citizens Financial Group by 2.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 21,946,583 shares of the company’s stock worth $438,493,000 after buying an additional 565,866 shares during the period. JPMorgan Chase & Co. raised its position in shares of Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock worth $434,694,000 after buying an additional 2,594,312 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Citizens Financial Group by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,033,151 shares of the company’s stock worth $445,599,000 after buying an additional 1,631,468 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Citizens Financial Group by 4.8% in the second quarter. Lord Abbett & CO. LLC now owns 11,471,620 shares of the company’s stock worth $229,203,000 after buying an additional 528,729 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Citizens Financial Group

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