Citizens Financial Group (NYSE:CFG) Hits New 1-Year High at $36.45

Citizens Financial Group, Inc. (NYSE:CFGGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $36.45 and last traded at $36.36, with a volume of 182637 shares trading hands. The stock had previously closed at $36.06.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CFG shares. Evercore ISI increased their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. UBS Group increased their price target on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Wedbush reduced their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Citigroup lifted their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.73.

View Our Latest Stock Report on Citizens Financial Group

Citizens Financial Group Stock Performance

The stock has a market cap of $16.36 billion, a PE ratio of 13.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a 50-day simple moving average of $34.52 and a 200-day simple moving average of $31.68.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities analysts predict that Citizens Financial Group, Inc. will post 3.16 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Insider Activity

In related news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the transaction, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $33,000. Quarry LP increased its holdings in shares of Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after acquiring an additional 714 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $40,000. CVA Family Office LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $40,000. Finally, Blue Trust Inc. increased its holdings in shares of Citizens Financial Group by 77.6% in the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after acquiring an additional 574 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

(Get Free Report)

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.

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