Investor Insight: Citizens Financial Group Inc (CFG) Goes Ballistic – Investor Confidence on the Rise

Citizens Financial Group Inc (NYSE:CFG) shares traded 2.11% higher at $36.30 on Wall Street last session.

CFG stock price is now 3.04% away from the 50-day moving average and 14.81% away from the 200-day moving average. The market capitalization of the company currently stands at $16.52B.

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With the price target enhanced from $35 to $41, Piper Sandler Upgraded its rating from Neutral to Overweight for Citizens Financial Group Inc (NYSE: CFG). On February 05, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $36, while ‘Barclays’ rates the stock as ‘Equal Weight’

In other news, Read Craig Jack, Controller sold 6,327 shares of the company’s stock on Apr 19 ’24. The stock was sold for $213,220 at an average price of $33.70. Upon completion of the transaction, the Controller now directly owns 37,558 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Controller Read Craig Jack sold 4,508 shares of the business’s stock. A total of $151,198 was realized by selling the stock at an average price of $33.54. This leaves the insider owning 43,885 shares of the company worth $1.59 million. A total of 0.84% 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 $37.30. According to the stock market information, the enterprise value for the company is $21589225472, which is based on a 13.12 price-to-earnings ratio, a 15.43 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for CFG is $35.2548 and a two-hundred day moving average price translates $31.6619 for the stock.

The latest earnings results from Citizens Financial Group Inc (NYSE: CFG) was released for 2024-03-31. The net profit margin was 10.47% and return on equity was 5.97% for CFG. The company reported revenue of $2.61 billion for the quarter, compared to $2.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.66 percent.

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