Keefe, Bruyette & Woods Increases Citizens Financial Group (NYSE:CFG) Price Target to $46.00

Citizens Financial Group (NYSE:CFG) had its price objective boosted by Keefe, Bruyette & Woods from $42.00 to $46.00 in a research note issued to investors on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Other research analysts have also issued reports about the stock. Stephens lifted their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an overweight rating in a research note on Friday, July 19th. The Goldman Sachs Group lifted their price target on Citizens Financial Group from $43.00 to $49.00 and gave the company a buy rating in a research report on Thursday, July 18th. DA Davidson increased their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the stock a buy rating in a report on Thursday, July 18th. Raymond James began coverage on Citizens Financial Group in a report on Thursday, July 11th. They set a market perform rating for the company. Finally, Piper Sandler upped their price target on Citizens Financial Group from $45.00 to $48.00 and gave the company an overweight rating in a research report on Friday, July 26th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $43.07.

Citizens Financial Group Stock Down 0.0 %

Shares of NYSE CFG opened at $40.03 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $18.21 billion, a PE ratio of 14.50, a P/E/G ratio of 1.43 and a beta of 1.08. Citizens Financial Group has a one year low of $22.77 and a one year high of $43.96. The business’s fifty day moving average price is $41.01 and its 200-day moving average price is $37.53.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. Citizens Financial Group’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Citizens Financial Group by 61.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after buying an additional 1,682,886 shares during the last quarter. Capital International Investors raised its stake in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Citizens Financial Group by 3,234.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock worth $39,669,000 after acquiring an additional 1,067,971 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Citizens Financial Group by 680.1% in the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock valued at $28,804,000 after purchasing an additional 700,860 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other 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.