Shares of Citizens Financial Group Inc (NYSE:CFG) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $46.38.

CFG has been the topic of several recent research reports. Citigroup restated a “hold” rating on shares of Citizens Financial Group in a research report on Friday, April 20th. Sandler O’Neill upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. BMO Capital Markets dropped their target price on Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price on the stock in a research report on Wednesday, May 30th. Finally, Morgan Stanley increased their target price on Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, May 31st.

In related news, insider Randall J. Black sold 792 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $41.49, for a total value of $32,860.08. Following the sale, the insider now owns 34,258 shares in the company, valued at $1,421,364.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company’s stock.

Several hedge funds have recently modified their holdings of CFG. First Mercantile Trust Co. bought a new position in Citizens Financial Group in the second quarter valued at $102,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Citizens Financial Group by 8,430.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,782 shares during the last quarter. First Personal Financial Services bought a new position in shares of Citizens Financial Group during the first quarter valued at about $112,000. Adviser Investments LLC bought a new position in shares of Citizens Financial Group during the first quarter valued at about $155,000. Finally, Citizens Financial Group Inc RI grew its stake in shares of Citizens Financial Group by 255.4% during the first quarter. Citizens Financial Group Inc RI now owns 3,796 shares of the bank’s stock valued at $159,000 after buying an additional 2,728 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Citizens Financial Group stock traded down $0.32 during trading on Tuesday, hitting $40.27. The stock had a trading volume of 2,143,279 shares, compared to its average volume of 4,383,199. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $48.23. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.54 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. equities research analysts forecast that Citizens Financial Group will post 3.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Tuesday, July 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.22. Citizens Financial Group’s dividend payout ratio (DPR) is 41.86%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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