Citizens Financial Group (NYSE:CFG) had its target price decreased by Credit Suisse Group from $46.00 to $42.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the bank’s stock. Credit Suisse Group’s price objective suggests a potential upside of 26.85% from the stock’s current price.

Several other equities analysts have also recently issued reports on CFG. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BMO Capital Markets lowered their price objective on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Macquarie raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 27th. Morgan Stanley lowered their price objective on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 18th. Finally, Bank of America raised shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Buy” and an average target price of $44.42.

Shares of CFG traded down $0.67 during mid-day trading on Friday, hitting $33.11. The company’s stock had a trading volume of 460,241 shares, compared to its average volume of 4,627,455. The stock has a market capitalization of $16.11 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.00 and a quick ratio of 0.98. Citizens Financial Group has a fifty-two week low of $33.00 and a fifty-two week high of $48.23.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities research analysts forecast that Citizens Financial Group will post 3.52 EPS for the current fiscal year.

In related news, Director Charles John Koch purchased 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was acquired at an average cost of $36.32 per share, for a total transaction of $508,480.00. Following the completion of the acquisition, the director now owns 49,937 shares in the company, valued at approximately $1,813,711.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shivan S. Subramaniam purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average price of $35.32 per share, with a total value of $105,960.00. Following the completion of the acquisition, the director now owns 38,963 shares of the company’s stock, valued at approximately $1,376,173.16. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in shares of Citizens Financial Group by 0.4% during the second quarter. Sei Investments Co. now owns 315,289 shares of the bank’s stock worth $12,264,000 after purchasing an additional 1,287 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Citizens Financial Group by 1.4% during the second quarter. Cubist Systematic Strategies LLC now owns 101,285 shares of the bank’s stock worth $3,940,000 after purchasing an additional 1,363 shares during the period. Greenleaf Trust boosted its holdings in shares of Citizens Financial Group by 23.4% during the second quarter. Greenleaf Trust now owns 7,469 shares of the bank’s stock worth $291,000 after purchasing an additional 1,414 shares during the period. Synovus Financial Corp boosted its holdings in shares of Citizens Financial Group by 67.3% during the third quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock worth $137,000 after purchasing an additional 1,417 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Citizens Financial Group by 16.0% during the third quarter. Private Advisor Group LLC now owns 12,072 shares of the bank’s stock worth $466,000 after purchasing an additional 1,669 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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