Citizens Financial Group (NYSE:CFG) Price Target Raised to $59.00

Citizens Financial Group (NYSE:CFG) had its target price hoisted by The Goldman Sachs Group from $48.00 to $59.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Other equities analysts have also recently issued reports about the company. DA Davidson raised their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays boosted their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Royal Bank of Canada boosted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Evercore ISI decreased their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.47.

Citizens Financial Group Trading Up 0.1 %

NYSE:CFG opened at $48.16 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group has a one year low of $26.13 and a one year high of $49.25. The company has a market cap of $21.22 billion, a PE ratio of 18.96, a PEG ratio of 1.84 and a beta of 1.07. The firm has a 50-day moving average of $43.41 and a 200-day moving average of $40.13.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts expect that Citizens Financial Group will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Institutional Investors Weigh In On Citizens Financial Group

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of Citizens Financial Group by 3.9% during the 1st quarter. California State Teachers Retirement System now owns 894,552 shares of the bank’s stock valued at $32,463,000 after buying an additional 33,455 shares in the last quarter. Comerica Bank lifted its position in shares of Citizens Financial Group by 57.9% during the first quarter. Comerica Bank now owns 296,454 shares of the bank’s stock worth $10,758,000 after acquiring an additional 108,712 shares in the last quarter. Montchanin Asset Management LLC bought a new position in shares of Citizens Financial Group in the first quarter worth $341,000. Algebris UK Ltd purchased a new position in shares of Citizens Financial Group in the first quarter valued at $5,459,000. Finally, LRI Investments LLC bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at $119,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.