Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Wedbush cut their Q4 2019 earnings per share estimates for Citizens Financial Group in a research report issued to clients and investors on Monday, January 21st. Wedbush analyst P. Winter now anticipates that the bank will earn $1.02 per share for the quarter, down from their previous estimate of $1.03.
CFG has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Royal Bank of Canada upgraded shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $41.00 to $37.00 in a research report on Wednesday, January 9th. BMO Capital Markets cut their target price on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Finally, Macquarie upgraded shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.91.
Citizens Financial Group stock opened at $34.95 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. Citizens Financial Group has a 1 year low of $27.62 and a 1 year high of $48.23. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 7.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, January 31st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.66%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, January 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 30.34%.
In other news, Director Shivan S. Subramaniam purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of $35.32 per share, for a total transaction of $105,960.00. Following the transaction, the director now directly owns 38,963 shares of the company’s stock, valued at approximately $1,376,173.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co raised its position in shares of Citizens Financial Group by 14.7% in the 4th quarter. CENTRAL TRUST Co now owns 7,535 shares of the bank’s stock valued at $224,000 after acquiring an additional 966 shares during the period. Bowling Portfolio Management LLC raised its position in shares of Citizens Financial Group by 1.2% in the 4th quarter. Bowling Portfolio Management LLC now owns 88,308 shares of the bank’s stock valued at $2,625,000 after acquiring an additional 1,021 shares during the period. Synovus Financial Corp raised its position in shares of Citizens Financial Group by 67.3% in the 3rd quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock valued at $137,000 after acquiring an additional 1,417 shares during the period. Private Advisor Group LLC raised its position in shares of Citizens Financial Group by 16.0% in the 3rd quarter. Private Advisor Group LLC now owns 12,072 shares of the bank’s stock valued at $466,000 after acquiring an additional 1,669 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Citizens Financial Group by 1.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 119,262 shares of the bank’s stock valued at $4,598,000 after acquiring an additional 1,993 shares during the period. Institutional investors and hedge funds own 96.30% of the company’s stock.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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