Stocks of Citizens Financial Group Inc (NYSE:CFG) traded higher last session on Wall Street, down -0.34% to $34.92.
CFG stock price is now 5.90% away from the 50-day moving average and 18.43% away from the 200-day moving average. The market capitalization of the company currently stands at $16.01B.
With the price target maintained at $36, Citigroup recently Upgraded its rating from Neutral to Buy for Citizens Financial Group Inc (NYSE: CFG). On January 02, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $38 to quote $40, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Read Craig Jack, Controller sold 4,508 shares of the company’s stock on Mar 05 ’24. The stock was sold for $151,198 at an average price of $33.54. Upon completion of the transaction, the Controller now directly owns 43,885 shares in the company, valued at $1.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 27 ’23, Director Lillis Terrance bought 1,000 shares of the business’s stock. A total of $22,865 was incurred on buying the stock at an average price of $22.86. This leaves the insider owning 4,000 shares of the company worth $0.14 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Citizens Financial Group Inc has had a low of $22.77 and a high of $36.38. The fifty day moving average price for CFG is $33.03 and a two-hundred day moving average price translates $29.71 for the stock.
The latest earnings results from Citizens Financial Group Inc (NYSE: CFG) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.34, missing analysts’ expectations of $0.71 by -0.37. This compares to $1.27 EPS in the same period last year. The net profit margin was 12.21% and return on equity was 6.70% for CFG. The company reported revenue of $2.68 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.83 percent. For the current quarter, analysts expect CFG to generate $1.96B in revenue.
Citizens Financial Group Inc(CFG) 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. 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 corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor 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.
