Citizens Financial Group Inc (CFG) Forecasted to Earn FY2018 Earnings of $3.20 Per Share
Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Jefferies Group boosted their FY2018 EPS estimates for Citizens Financial Group in a research note issued on Monday. Jefferies Group analyst K. Usdin now anticipates that the bank will post earnings per share of $3.20 for the year, up from their previous forecast of $2.75. Jefferies Group also issued estimates for Citizens Financial Group’s FY2019 earnings at $3.50 EPS.
A number of other equities research analysts have also recently issued reports on CFG. Oppenheimer reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley upped their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Barclays upped their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $42.00 price objective (up previously from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Citizens Financial Group currently has an average rating of “Hold” and an average target price of $41.46.
Citizens Financial Group (NYSE CFG) traded up $0.40 during mid-day trading on Wednesday, reaching $45.30. 3,292,415 shares of the company’s stock were exchanged, compared to its average volume of 5,222,227. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $45.46. The stock has a market cap of $22,090.00, a PE ratio of 18.34, a PEG ratio of 0.99 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC purchased a new stake in Citizens Financial Group during the 3rd quarter valued at $50,596,000. Parametric Portfolio Associates LLC boosted its position in Citizens Financial Group by 16.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,290,294 shares of the bank’s stock valued at $48,863,000 after buying an additional 183,823 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Citizens Financial Group during the 3rd quarter valued at $519,000. Moors & Cabot Inc. boosted its position in Citizens Financial Group by 8.5% during the 3rd quarter. Moors & Cabot Inc. now owns 20,824 shares of the bank’s stock valued at $788,000 after buying an additional 1,637 shares during the period. Finally, Opus Investment Management Inc. purchased a new stake in Citizens Financial Group during the 3rd quarter valued at $1,288,000. 98.48% of the stock is owned by institutional investors and hedge funds.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by corporate insiders.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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