Citizens Financial Group (NYSE:CFG) had its price objective decreased by JPMorgan Chase & Co. from $41.50 to $40.50 in a research report report published on Tuesday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has an overweight rating on the bank’s stock.

Other research analysts also recently issued reports about the stock. Argus started coverage on shares of Citizens Financial Group in a research note on Wednesday, June 19th. They set a hold rating on the stock. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a research note on Friday, April 19th. Wedbush set a $13.00 price target on shares of SLM and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research raised shares of H&E Equipment Services from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $40.63.

Shares of CFG opened at $35.56 on Tuesday. The company has a 50 day moving average of $34.64. The stock has a market capitalization of $16.04 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.14 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.95. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $41.76.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same period last year, the firm posted $0.78 earnings per share. As a group, research analysts anticipate that Citizens Financial Group will post 3.83 EPS for the current year.

Institutional investors have recently modified their holdings of the company. ZWJ Investment Counsel Inc. grew its holdings in shares of Citizens Financial Group by 107.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 379,327 shares of the bank’s stock worth $12,328,000 after purchasing an additional 196,319 shares during the last quarter. Thor Advisors LLC bought a new stake in Citizens Financial Group in the first quarter valued at $72,000. Ontario Teachers Pension Plan Board boosted its holdings in Citizens Financial Group by 169.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 21,325 shares of the bank’s stock valued at $693,000 after acquiring an additional 13,405 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Citizens Financial Group by 2.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock valued at $18,448,000 after acquiring an additional 15,663 shares in the last quarter. Finally, Wellington Shields Capital Management LLC boosted its holdings in Citizens Financial Group by 68.9% in the first quarter. Wellington Shields Capital Management LLC now owns 16,000 shares of the bank’s stock valued at $520,000 after acquiring an additional 6,525 shares in the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

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 provides 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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