The Goldman Sachs Group Boosts Citizens Financial Group (NYSE:CFG) Price Target to $59.00

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

Several other research analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Barclays upped their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and an average price target of $45.47.

Citizens Financial Group Stock Down 0.8 %

Shares of NYSE CFG opened at $48.09 on Tuesday. The firm’s 50 day moving average price is $43.14 and its 200 day moving average price is $40.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $21.19 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. Citizens Financial Group has a 1 year low of $26.13 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting 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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

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

Institutional Trading of Citizens Financial Group

Several large investors have recently modified their holdings of CFG. Versor Investments LP acquired a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $1,910,000. CWM LLC increased its stake in shares of Citizens Financial Group by 77.1% in the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after buying an additional 17,718 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Citizens Financial Group in the second quarter valued at $5,009,000. Andra AP fonden boosted its stake in Citizens Financial Group by 49.1% during the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after acquiring an additional 101,500 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in Citizens Financial Group by 138.9% during the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock valued at $1,069,000 after acquiring an additional 14,896 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Group

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.