FY2025 Earnings Forecast for CFG Issued By DA Davidson

Citizens Financial Group, Inc. (NYSE:CFG) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Citizens Financial Group in a research note issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $3.84 per share for the year, down from their previous estimate of $3.89. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share. DA Davidson also issued estimates for Citizens Financial Group’s FY2026 earnings at $4.92 EPS.

A number of other research analysts also recently issued reports on CFG. Morgan Stanley dropped their price objective on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $36.22 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $15.83 billion, a PE ratio of 11.95, a P/E/G ratio of 0.81 and a beta of 0.81. The firm has a fifty day simple moving average of $44.04 and a 200 day simple moving average of $44.10. Citizens Financial Group has a twelve month low of $32.06 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.64%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CFG. Wellington Management Group LLP boosted its stake in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after purchasing an additional 5,579,313 shares during the period. Norges Bank bought a new stake in Citizens Financial Group during the fourth quarter worth about $243,431,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 20.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after purchasing an additional 1,672,204 shares in the last quarter. State Street Corp boosted its holdings in shares of Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Citizens Financial Group by 32.2% during the 4th quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank’s stock valued at $270,715,000 after purchasing an additional 1,507,536 shares during the last quarter. Hedge funds and other 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.