Citizens Financial Group (NYSE:CFG) Price Target Increased to $47.00 by Analysts at Barclays

Citizens Financial Group (NYSE:CFG) had its price objective lifted by Barclays from $40.00 to $47.00 in a report published on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

CFG has been the subject of a number of other research reports. StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Stephens increased their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley boosted their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Trading Down 0.6 %

NYSE:CFG opened at $42.14 on Thursday. The company has a market cap of $19.17 billion, a PE ratio of 15.27, a P/E/G ratio of 1.42 and a beta of 1.07. The business’s 50 day moving average is $41.27 and its two-hundred day moving average is $38.00. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. Citizens Financial Group has a 52 week low of $22.77 and a 52 week high of $44.39.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Citizens Financial Group will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.99%. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds have recently made changes to their positions in the business. HighPoint Advisor Group LLC acquired a new position in Citizens Financial Group in the fourth quarter worth approximately $208,000. Los Angeles Capital Management LLC grew its holdings in shares of Citizens Financial Group by 24.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 62,665 shares of the bank’s stock worth $2,274,000 after acquiring an additional 12,140 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Citizens Financial Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 4,205 shares of the bank’s stock worth $153,000 after purchasing an additional 475 shares during the period. Mather Group LLC. purchased a new stake in shares of Citizens Financial Group during the first quarter valued at $68,000. Finally, Czech National Bank boosted its position in shares of Citizens Financial Group by 0.5% in the 1st quarter. Czech National Bank now owns 82,032 shares of the bank’s stock valued at $2,977,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.