Citizens Financial Group (NYSE:CFG) Research Coverage Started at StockNews.com

Analysts at StockNews.com began coverage on shares of Citizens Financial Group (NYSE:CFG – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the bank’s stock.

CFG has been the topic of a number of other research reports. Wedbush cut shares of Citizens Financial Group from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Tuesday, January 3rd. DA Davidson assumed coverage on shares of Citizens Financial Group in a research note on Wednesday, December 21st. They set a “buy” rating and a $47.00 target price on the stock. Citigroup raised their target price on shares of Citizens Financial Group from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 22nd. Barclays raised their target price on shares of Citizens Financial Group from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler raised their target price on shares of Citizens Financial Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $48.17.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $31.51 on Thursday. The firm’s 50 day moving average price is $41.19 and its 200-day moving average price is $39.33. Citizens Financial Group has a twelve month low of $29.72 and a twelve month high of $50.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $15.25 billion, a PE ratio of 7.72 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG – Get Rating) last issued its quarterly earnings data on Tuesday, January 17th. The bank reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.05). Citizens Financial Group had a return on equity of 11.24% and a net margin of 22.86%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. Equities research analysts expect that Citizens Financial Group will post 5.03 EPS for the current year.

Citizens Financial Group declared that its board has authorized a share repurchase plan on Friday, February 17th that allows the company to repurchase $1.15 billion in shares. This repurchase authorization allows the bank to purchase up to 5.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Citizens Financial Group

In related news, Director Kevin Cummings sold 81,151 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $44.40, for a total value of $3,603,104.40. Following the completion of the transaction, the director now directly owns 455,789 shares of the company’s stock, valued at $20,237,031.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CFG. Raymond James Financial Services Advisors Inc. boosted its stake in Citizens Financial Group by 23.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank’s stock worth $478,000 after buying an additional 1,980 shares during the period. American Century Companies Inc. boosted its stake in Citizens Financial Group by 29.7% during the first quarter. American Century Companies Inc. now owns 53,879 shares of the bank’s stock worth $2,442,000 after buying an additional 12,350 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Citizens Financial Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank’s stock worth $2,585,000 after buying an additional 3,531 shares during the period. Yousif Capital Management LLC boosted its stake in Citizens Financial Group by 9.3% during the first quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank’s stock worth $3,229,000 after buying an additional 6,060 shares during the period. Finally, Blair William & Co. IL boosted its stake in Citizens Financial Group by 1.5% during the first quarter. Blair William & Co. IL now owns 38,619 shares of the bank’s stock worth $1,751,000 after buying an additional 586 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

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Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.