Citizens Financial Group’s (CFG) Strong-Buy Rating Reiterated at Raymond James

Raymond James reiterated their strong-buy rating on shares of Citizens Financial Group (NYSE:CFG) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $58.00 price objective on the bank’s stock, up from their prior price objective of $55.00.

Several other research firms have also issued reports on CFG. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI reduced their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Up 0.7 %

Shares of Citizens Financial Group stock opened at $47.36 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a 50 day moving average price of $45.71 and a two-hundred day moving average price of $42.91. The stock has a market capitalization of $20.87 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

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

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CFG. My Legacy Advisors LLC grew its position in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after buying an additional 229 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after purchasing an additional 246 shares in the last quarter. Ballentine Partners LLC lifted its position in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after purchasing an additional 247 shares during the last quarter. Finally, Commerce Bank grew its stake in Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after buying an additional 250 shares in the last quarter. 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.