Citizens Financial Group, Inc. (NYSE:CFG)‘s stock had its “underperform” rating reiterated by equities research analysts at Bank of America Corporation in a report issued on Monday.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and set a $41.00 price objective (up previously from $40.00) on shares of Citizens Financial Group in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Monday, September 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $39.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Citizens Financial Group currently has an average rating of “Hold” and an average target price of $36.13.

Shares of Citizens Financial Group (CFG) opened at 37.87 on Monday. The stock’s 50 day moving average is $34.03 and its 200 day moving average is $35.26. Citizens Financial Group has a 1-year low of $24.12 and a 1-year high of $39.75. The firm has a market capitalization of $18.96 billion, a P/E ratio of 16.17 and a beta of 1.36.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts predict that Citizens Financial Group will post $2.53 earnings per share for the current year.

Citizens Financial Group announced that its board has approved a stock buyback plan on Wednesday, June 28th that authorizes the company to buyback $850.00 million in shares. This buyback authorization authorizes the bank to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. grew its stake in shares of Citizens Financial Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after purchasing an additional 33 shares during the last quarter. Smithfield Trust Co. increased its holdings in shares of Citizens Financial Group by 1.4% in the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares during the period. First Allied Advisory Services Inc. increased its holdings in shares of Citizens Financial Group by 1.1% in the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after purchasing an additional 76 shares during the period. Veritable L.P. increased its holdings in shares of Citizens Financial Group by 1.2% in the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after purchasing an additional 79 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Citizens Financial Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 100 shares during the period. 96.76% of the stock is owned by institutional investors.

Citizens Financial Group Company Profile

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.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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