Citizens Financial Group (NYSE:CFG) Price Target Raised to $54.00

Citizens Financial Group (NYSE:CFG) had its price target increased by Truist Financial from $49.00 to $54.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the bank’s stock.

A number of other equities research analysts also recently commented on the company. Barclays boosted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Up 0.7 %

Shares of CFG opened at $47.36 on Tuesday. The firm has a market cap of $20.87 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a 1 year low of $30.24 and a 1 year high of $49.25. The company has a 50 day simple moving average of $45.71 and a two-hundred day simple moving average of $42.91.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. On average, equities analysts expect that Citizens Financial Group will post 3.95 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds have recently bought and sold shares of CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the 3rd quarter worth about $48,000. Finally, Friedenthal Financial purchased a new position in shares of Citizens Financial Group during the third quarter worth approximately $50,000. Institutional investors own 94.90% of the company’s stock.

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.