Jefferies Financial Group Boosts Citizens Financial Group (NYSE:CFG) Price Target to $37.00

Citizens Financial Group (NYSE:CFG) had its target price lifted by equities research analysts at Jefferies Financial Group from $36.00 to $37.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price target indicates a potential upside of 1.98% from the stock’s previous close.

CFG has been the topic of several other research reports. Argus lifted their target price on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Citigroup lifted their target price on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wedbush cut their target price on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price on shares of Citizens Financial Group in a research note on Wednesday, June 12th. Finally, Evercore ISI lifted their target price on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $37.73.

Citizens Financial Group Stock Performance

NYSE:CFG traded down $0.10 during midday trading on Wednesday, reaching $36.28. 489,623 shares of the company traded hands, compared to its average volume of 5,304,363. Citizens Financial Group has a twelve month low of $22.77 and a twelve month high of $37.30. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The company has a fifty day moving average price of $35.18 and a 200 day moving average price of $33.82.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) 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 company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group will post 3.16 EPS for the current fiscal year.

Insider Activity

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the transaction, the insider now owns 37,558 shares in the company, valued at $1,265,704.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Citizens Financial Group by 217.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after purchasing an additional 5,465,824 shares during the last quarter. Norges Bank acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $117,372,000. Capital International Investors lifted its position in shares of Citizens Financial Group by 4.4% during the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Citizens Financial Group by 96.3% during the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after purchasing an additional 1,212,642 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Citizens Financial Group by 130.0% in the 4th quarter. Franklin Resources Inc. now owns 1,955,230 shares of the bank’s stock valued at $64,796,000 after acquiring an additional 1,105,011 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.