Wedbush Has Bullish Forecast for CFG Q1 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Wedbush increased their Q1 2025 earnings per share (EPS) estimates for shares of Citizens Financial Group in a report issued on Wednesday, October 16th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.88 per share for the quarter, up from their previous estimate of $0.86. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.22 per share. Wedbush also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.05 EPS and FY2025 earnings at $3.90 EPS.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. Citizens Financial Group’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday. Stephens lifted their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Jefferies Financial Group increased their price target on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Raymond James assumed coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They set a “market perform” rating for the company. Finally, Evercore ISI decreased their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $42.47 on Monday. The business’s 50 day moving average price is $41.33 and its 200 day moving average price is $38.09. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group has a one year low of $22.77 and a one year high of $44.39.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CFG. AQR Capital Management LLC boosted its stake in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the period. Capital International Investors grew its holdings in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after buying an additional 1,552,333 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Citizens Financial Group by 3,234.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock valued at $39,669,000 after acquiring an additional 1,067,971 shares during the period. National Bank of Canada FI raised its stake in Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock valued at $28,804,000 after acquiring an additional 700,860 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

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.