Citizens Financial Group (NYSE:CFG) Earns Neutral Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note published on Thursday morning, PriceTargets.com reports. The firm issued a neutral rating and a $58.00 price objective on the bank’s stock.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley began coverage on Citizens Financial Group in a research note on Tuesday. They set an overweight rating and a $69.00 price objective on the stock. Citigroup raised Citizens Financial Group from a neutral rating to a buy rating and raised their target price for the company from $53.00 to $65.00 in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on Citizens Financial Group from $54.00 to $56.50 and gave the company an overweight rating in a research report on Thursday, January 6th. Barclays raised their target price on Citizens Financial Group from $55.00 to $62.00 in a research report on Monday, January 3rd. Finally, Jefferies Financial Group raised their target price on Citizens Financial Group from $47.00 to $53.00 and gave the company a hold rating in a research report on Monday, October 11th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of Buy and an average price target of $53.90.

Shares of NYSE:CFG opened at $56.35 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $48.90 and its two-hundred day simple moving average is $46.49. Citizens Financial Group has a 1-year low of $35.09 and a 1-year high of $56.40. The stock has a market cap of $24.02 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.61.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Tuesday, October 19th. The bank reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. Citizens Financial Group had a return on equity of 10.99% and a net margin of 31.99%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business earned $0.73 EPS. On average, sell-side analysts forecast that Citizens Financial Group will post 5.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $1.56 annualized dividend and a yield of 2.77%. Citizens Financial Group’s dividend payout ratio is currently 31.33%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in Citizens Financial Group by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the bank’s stock worth $1,262,000 after purchasing an additional 200 shares during the period. Fulton Bank N.A. boosted its stake in Citizens Financial Group by 2.8% in the 4th quarter. Fulton Bank N.A. now owns 7,557 shares of the bank’s stock worth $357,000 after purchasing an additional 207 shares during the period. Shaker Investments LLC OH boosted its stake in Citizens Financial Group by 0.3% in the 3rd quarter. Shaker Investments LLC OH now owns 70,423 shares of the bank’s stock worth $3,308,000 after purchasing an additional 214 shares during the period. NEXT Financial Group Inc boosted its stake in Citizens Financial Group by 7.6% in the 3rd quarter. NEXT Financial Group Inc now owns 3,101 shares of the bank’s stock worth $146,000 after purchasing an additional 218 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its stake in Citizens Financial Group by 32.2% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 936 shares of the bank’s stock worth $44,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

Further Reading: Black Swan

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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