Stocks of Citizens Financial Group Inc. (NYSE:CFG) traded higher last session on Wall Street, down -2.67% to $26.94.
According to the data, Citizens Financial Group Inc. (NYSE:CFG) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $44.00 and a low of $27.00, we find $34.00. Given the previous closing price of $27.68, this indicates a potential upside of 22.83 percent. CFG stock price is now -6.69% away from the 50-day moving average and -19.27% away from the 200-day moving average. The market capitalization of the company currently stands at $12.50B.
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A total of 10 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $34.69 as their price target over the next twelve months.
With the price target reduced from $32 to $29, Evercore ISI Downgraded its rating from Outperform to In-line for Citizens Financial Group Inc. (NYSE: CFG).
In other news, Lillis Terrance, Director bought 1,000 shares of the company’s stock on May 17. The stock was bought for $26,390 at an average price of $26.39. Upon completion of the transaction, the Director now directly owns 3,000 shares in the company, valued at $80820.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 21, Director Subramaniam Shivan S. bought 3,300 shares of the business’s stock. A total of $95,007 was incurred on buying the stock at an average price of $28.79. This leaves the insider owning 66,263 shares of the company worth $1.79 million. Insiders disposed of 454,047 shares of company stock worth roughly $12.23 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 ANTIPODES PARTNERS LTD during the first quarter worth $44,366,000. D. E. SHAW & CO., INC. invested $40,669,000 in shares of CFG during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Citizens Financial Group Inc. valued at approximately $23,380,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in CFG for approximately $21,808,000. AUSTRALIANSUPER PTY LTD purchased a new stake in CFG valued at around $17,308,000 in the second quarter. In total, there are 1,037 active investors with 92.10% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $27.62 for Citizens Financial Group Inc. (NYSE: CFG). 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 $28.89 and a two-hundred day moving average price translates $33.31 for the stock.
The latest earnings results from Citizens Financial Group Inc. (NYSE: CFG) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.92, missing analysts’ expectations of $1.01 by -0.09. This compares to $0.67 EPS in the same period last year. The net profit margin was 23.60% and return on equity was 10.00% for CFG. The company reported revenue of $2.53 billion for the quarter, compared to $1.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.66 percent. For the current quarter, analysts expect CFG to generate $2.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/16/2023. Investors who held shares on 08/02/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 6.24% percent yield. There was an ex-dividend date of 08/01/2023 for this dividend. In terms of dividend payout ratio, CFG is presently at 38.00%.
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.
