Citizens Financial Group, Inc. (NYSE:CFG – Get Free Report) declared a quarterly dividend on Friday, January 17th,RTT News reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.42 per share by the bank on Friday, February 14th. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, January 31st.
Citizens Financial Group has increased its dividend by an average of 2.5% annually over the last three years. Citizens Financial Group has a dividend payout ratio of 34.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Group to earn $3.85 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 43.6%.
Citizens Financial Group Price Performance
Citizens Financial Group stock opened at $47.52 on Friday. The firm has a market cap of $20.94 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.29 and a beta of 1.10. The stock’s 50 day moving average is $45.64 and its 200 day moving average is $42.66. 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 $30.24 and a one year high of $49.25.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CFG. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial assumed coverage on shares of Citizens Financial Group in a report on Tuesday, January 7th. They issued a “hold” rating and a $49.00 target price on the stock. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their price objective 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. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $47.78.
Check Out Our Latest Analysis on CFG
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.
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