The stock of Citizens Financial Group Inc. (NYSE:CFG) last traded at $25.05, down -2.79% from the previous session.
Data from the available sources indicates that Citizens Financial Group Inc. (NYSE:CFG) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $28.00, we find $35.00. Given the previous closing price of $25.77, this indicates a potential upside of 35.82 percent. CFG stock price is now -16.59% away from the 50-day moving average and -32.35% away from the 200-day moving average. The market capitalization of the company currently stands at $12.12B.
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In total, 7 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $36.55 as their price target over the next twelve months.
With the price target reduced from $37 to $33, BofA Securities Downgraded its rating from Buy to Neutral for Citizens Financial Group Inc. (NYSE: CFG). On January 03, 2023, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $45, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Subramaniam Shivan S., Director bought 3,300 shares of the company’s stock on Apr 21. The stock was bought for $95,007 at an average price of $28.79. Upon completion of the transaction, the Director now directly owns 66,263 shares in the company, valued at $1.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10, Director Cummings Kevin sold 90,689 shares of the business’s stock. A total of $3,899,627 was realized by selling the stock at an average price of $43.00. This leaves the insider owning 455,789 shares of the company worth $11.42 million. Insiders disposed of 402,284 shares of company stock worth roughly $10.08 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CFG stock. A new stake in Citizens Financial Group Inc. shares was purchased by SESSA CAPITAL IM, L.P. during the first quarter worth $16,232,000. TWINBEECH CAPITAL LP invested $13,176,000 in shares of CFG during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Citizens Financial Group Inc. valued at approximately $5,891,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in CFG for approximately $5,752,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in CFG valued at around $5,416,000 in the second quarter. In total, there are 1,070 active investors with 92.10% ownership of the company’s stock.
With an opening price of $25.80 on Tuesday morning, Citizens Financial Group Inc. (NYSE: CFG) set off the trading day. During the past 12 months, Citizens Financial Group Inc. has had a low of $23.37 and a high of $44.82. The fifty day moving average price for CFG is $29.72 and a two-hundred day moving average price translates $36.97 for the stock.
The latest earnings results from Citizens Financial Group Inc. (NYSE: CFG) was released for Mar, 2023. According to the Banks – Regional Company, earnings per share came in at $1, missing analysts’ expectations of $1.13 by -0.13. This compares to $0.93 EPS in the same period last year. The net profit margin was 24.90% and return on equity was 9.40% for CFG. The company reported revenue of $2.4 billion for the quarter, compared to $1.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 98.02 percent. For the current quarter, analysts expect CFG to generate $2.12B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/17/2023. Investors who held shares on 05/03/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 6.71% percent yield. There was an ex-dividend date of 05/02/2023 for this dividend. In terms of dividend payout ratio, CFG is presently at 39.60%.
Citizens Financial Group Inc.(CFG) Company Profile
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association 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. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.
