Stephens restated their overweight rating on shares of Citizens Financial Group (NYSE:CFG – Free Report) in a research report report published on Tuesday morning,Benzinga reports. Stephens currently has a $53.00 price objective on the bank’s stock.
A number of other research analysts have also issued reports on the company. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Raymond James restated a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.
Read Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Stock Up 0.7 %
Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Sell-side analysts predict that Citizens Financial Group will post 3.95 EPS for the current year.
Citizens Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.
Institutional Investors Weigh In On Citizens Financial Group
Large investors have recently added to or reduced their stakes in the business. Caprock Group LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $1,266,000. BTC Capital Management Inc. raised its position in shares of Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after purchasing an additional 7,119 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in Citizens Financial Group in the 4th quarter valued at approximately $619,000. Gries Financial LLC grew its holdings in Citizens Financial Group by 23.3% during the 4th quarter. Gries Financial LLC now owns 7,755 shares of the bank’s stock valued at $339,000 after buying an additional 1,466 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new position in Citizens Financial Group during the fourth quarter worth $7,036,000. 94.90% of the stock is owned by institutional investors and hedge funds.
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.
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