Citizens Financial Group, Inc. (NYSE:CFG) Given Average Recommendation of “Moderate Buy” by Analysts

Citizens Financial Group, Inc. (NYSE:CFG) has earned an average rating of “Moderate Buy” from the twenty analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $78.55.

A number of equities research analysts have weighed in on CFG shares. Truist Financial boosted their target price on shares of Citizens Financial Group from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays increased their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Citigroup upped their price objective on Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group boosted their price target on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th.

Insider Buying and Selling

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Citizens Financial Group during the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Citizens Financial Group in the first quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Citizens Financial Group in the fourth quarter worth about $29,000. Activest Wealth Management grew its position in shares of Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

CFG opened at $72.44 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $30.63 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.55 and a beta of 0.67. The company’s 50-day simple moving average is $67.05 and its two-hundred day simple moving average is $63.91. Citizens Financial Group has a 52-week low of $45.90 and a 52-week high of $74.70.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, analysts predict that Citizens Financial Group will post 5.29 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Citizens Financial Group’s payout ratio is 39.91%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.