Citizens Financial Group (NYSE:CFG) PT Raised to $39.00 at Argus

Citizens Financial Group (NYSE:CFG) had its price objective lifted by investment analysts at Argus from $36.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Argus’ price objective points to a potential upside of 11.46% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Evercore ISI raised their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 8th. TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Citigroup boosted their target price on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Wedbush dropped their target price on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $36.13.

Citizens Financial Group Price Performance

NYSE:CFG opened at $34.99 on Wednesday. Citizens Financial Group has a 52 week low of $22.77 and a 52 week high of $36.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $30.89. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 12.68 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. As a group, sell-side analysts predict that Citizens Financial Group will post 3.24 earnings per share for the current year.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Citizens Financial Group

A number of institutional investors have recently added to or reduced their stakes in CFG. Wellington Management Group LLP grew its holdings in Citizens Financial Group by 217.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after acquiring an additional 5,465,824 shares during the last quarter. Norges Bank bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at $117,372,000. AQR Capital Management LLC boosted its stake in shares of Citizens Financial Group by 1,213.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock valued at $100,395,000 after purchasing an additional 3,460,792 shares during the last quarter. Barclays PLC boosted its stake in shares of Citizens Financial Group by 95.5% in the 3rd quarter. Barclays PLC now owns 2,484,439 shares of the bank’s stock valued at $66,584,000 after purchasing an additional 1,213,573 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Citizens Financial Group by 96.3% in the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after purchasing an additional 1,212,642 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

About Citizens Financial Group

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.