Citizens Financial Group (NYSE:CFG) Price Target Raised to $46.00

Citizens Financial Group (NYSE:CFG) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $42.00 to $46.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.26% from the company’s current price.

CFG has been the subject of several other reports. Evercore ISI lifted their price target on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Piper Sandler raised their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group raised their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Finally, UBS Group raised their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.60.

Citizens Financial Group Trading Down 2.8 %

Shares of CFG stock opened at $39.91 on Monday. Citizens Financial Group has a 12-month low of $22.77 and a 12-month high of $43.96. The company has a market capitalization of $18.16 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.43 and a beta of 1.08. The firm has a 50-day moving average price of $41.12 and a 200 day moving average price of $37.49. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts forecast that Citizens Financial Group will post 3.24 earnings per share for the current fiscal year.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after buying an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after buying an additional 383,947 shares in the last quarter. Duality Advisers LP bought a new position in Citizens Financial Group in the first quarter valued at approximately $1,180,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Citizens Financial Group in the fourth quarter valued at approximately $5,965,000. Finally, Lloyd Advisory Services LLC. bought a new position in Citizens Financial Group in the first quarter valued at approximately $930,000. 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.