Royal Bank of Canada Increases Citizens Financial Group (NYSE:CFG) Price Target to $45.00

Citizens Financial Group (NYSE:CFG) had its price objective boosted by Royal Bank of Canada from $43.00 to $45.00 in a research note published on Thursday morning, Marketbeat reports. They currently have an outperform rating on the bank’s stock.

CFG has been the topic of several other reports. StockNews.com cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. DA Davidson increased their target price on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Evercore ISI cut their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Trading Up 0.8 %

Shares of CFG opened at $42.47 on Thursday. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The company has a market capitalization of $19.32 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The stock has a fifty day moving average of $41.33 and a two-hundred day moving average of $38.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s payout ratio is currently 60.87%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vest Financial LLC raised its position in shares of Citizens Financial Group by 13.9% during the 3rd quarter. Vest Financial LLC now owns 36,100 shares of the bank’s stock valued at $1,483,000 after acquiring an additional 4,394 shares in the last quarter. Schubert & Co acquired a new stake in shares of Citizens Financial Group during the third quarter worth $404,000. Friedenthal Financial bought a new position in shares of Citizens Financial Group in the 3rd quarter worth about $50,000. Blue Trust Inc. boosted its holdings in shares of Citizens Financial Group by 103.6% in the 3rd quarter. Blue Trust Inc. now owns 10,203 shares of the bank’s stock valued at $419,000 after buying an additional 5,192 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $210,000. Institutional investors own 94.90% of the company’s stock.

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.