Citizens Financial Group Target of Unusually Large Options Trading (CFG)
Citizens Financial Group Inc (NYSE:CFG) was the target of some unusual options trading on Friday. Traders acquired 4,052 call options on the stock. This is an increase of 3,194% compared to the average volume of 123 call options.
Several research firms have weighed in on CFG. BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $40.00 to $39.00 in a research report on Tuesday. Morgan Stanley lifted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Deutsche Bank reaffirmed a “hold” rating and set a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, December 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $40.85.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the sale, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.
Shares of Citizens Financial Group (CFG) opened at $42.08 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $42.83. The company has a market capitalization of $20,516.04, a P/E ratio of 16.88, a PEG ratio of 1.07 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts predict that Citizens Financial Group will post 2.59 earnings per share for the current year.
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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.
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