Citizens Financial Group (NYSE:CFG) PT Lowered to $35.00

Citizens Financial Group (NYSE:CFG) had its target price dropped by Wedbush from $38.00 to $35.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Wedbush’s price objective points to a potential upside of 2.97% from the stock’s previous close. Wedbush also issued estimates for Citizens Financial Group’s Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.27 EPS, Q1 2025 earnings at $0.89 EPS, Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.01 EPS and FY2025 earnings at $3.90 EPS.

CFG has been the subject of several other reports. Jefferies Financial Group raised their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, April 8th. Barclays lowered shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, Royal Bank of Canada upped their price objective on Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and a consensus target price of $36.29.

Citizens Financial Group Stock Up 3.3 %

Shares of Citizens Financial Group stock opened at $33.99 on Thursday. Citizens Financial Group has a 1 year low of $22.77 and a 1 year high of $36.38. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 12.32 and a beta of 1.38. The company has a 50-day moving average of $33.33 and a 200 day moving average of $30.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.88.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $1.00 EPS. Citizens Financial Group’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at $28,000. Groupama Asset Managment purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at about $27,000. Clear Street Markets LLC grew its stake in shares of Citizens Financial Group by 93.6% during the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after acquiring an additional 466 shares during the period. Lindbrook Capital LLC increased its holdings in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after acquiring an additional 496 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $33,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

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.