Wedbush Analysts Boost Earnings Estimates for CFG

Citizens Financial Group, Inc. (NYSE:CFG) – Analysts at Wedbush boosted their Q1 2025 earnings estimates for Citizens Financial Group in a research note issued to investors on Wednesday, October 16th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $0.88 per share for the quarter, up from their previous estimate of $0.86. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.22 per share. Wedbush also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.05 EPS and FY2025 earnings at $3.90 EPS.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share.

CFG has been the topic of a number of other reports. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Sandler increased their target price 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. Raymond James assumed coverage on Citizens Financial Group in a research report on Thursday, July 11th. They issued a “market perform” rating for the company. Evercore ISI dropped their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Stock Up 0.8 %

Shares of Citizens Financial Group stock opened at $42.47 on Monday. Citizens Financial Group has a 1 year low of $22.77 and a 1 year high of $44.39. 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 cap of $19.32 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07. The firm’s 50-day moving average is $41.33 and its two-hundred day moving average is $38.09.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction dated 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 directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Citizens Financial Group

Several hedge funds have recently added to or reduced their stakes in CFG. Capital International Investors boosted its position in Citizens Financial Group by 4.4% in the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares in the last quarter. LSV Asset Management boosted its position in Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after purchasing an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens Financial Group by 15.3% in the second 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 during the period. AQR Capital Management LLC increased its position in shares of Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after buying an additional 1,682,886 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Citizens Financial Group by 15.3% during the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after buying an additional 480,129 shares during the period. 94.90% of the stock is 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.