Citizens Financial Group (NYSE:CFG) had its price target reduced by JPMorgan Chase & Co. from $42.00 to $39.50 in a research note released on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the bank’s stock.

Other analysts also recently issued reports about the company. Citigroup downgraded Citizens Financial Group from a neutral rating to a sell rating and reduced their target price for the company from $39.00 to $32.00 in a report on Tuesday, October 8th. Morgan Stanley reduced their target price on Citizens Financial Group from $43.00 to $42.00 and set an overweight rating for the company in a report on Thursday, October 3rd. Argus raised Citizens Financial Group from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Monday, July 29th. UBS Group downgraded Citizens Financial Group from a buy rating to a neutral rating and reduced their target price for the company from $40.00 to $38.00 in a report on Wednesday, July 10th. Finally, Zacks Investment Research downgraded Citizens Financial Group from a hold rating to a sell rating and set a $37.00 target price for the company. in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Citizens Financial Group presently has a consensus rating of Hold and a consensus price target of $39.96.

Shares of Citizens Financial Group stock traded up $0.08 on Thursday, hitting $34.56. The stock had a trading volume of 2,313,900 shares, compared to its average volume of 4,473,271. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $38.64. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.64 and a beta of 1.47. The company’s 50 day moving average price is $34.61 and its 200 day moving average price is $34.77.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.88 EPS. Analysts predict that Citizens Financial Group will post 3.79 EPS for the current fiscal year.

In related news, Director Charles John Koch acquired 15,000 shares of Citizens Financial Group stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of $32.45 per share, with a total value of $486,750.00. Following the purchase, the director now directly owns 68,781 shares in the company, valued at $2,231,943.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in Citizens Financial Group by 1,805.9% in the second quarter. Jane Street Group LLC now owns 45,741 shares of the bank’s stock worth $1,617,000 after purchasing an additional 43,341 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in Citizens Financial Group by 107.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 379,327 shares of the bank’s stock worth $12,328,000 after purchasing an additional 196,319 shares in the last quarter. Crestline Management LP acquired a new position in Citizens Financial Group in the second quarter worth about $1,968,000. Point72 Asset Management L.P. grew its stake in Citizens Financial Group by 100.0% in the second quarter. Point72 Asset Management L.P. now owns 1,205,478 shares of the bank’s stock worth $42,626,000 after purchasing an additional 602,666 shares in the last quarter. Finally, Creative Planning grew its stake in Citizens Financial Group by 2.9% in the second quarter. Creative Planning now owns 24,728 shares of the bank’s stock worth $874,000 after purchasing an additional 690 shares in the last quarter. 96.65% of the stock is owned by hedge funds and other institutional investors.

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 provides 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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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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