Investment Analysts’ Recent Ratings Updates for Citizens Financial Group (CFG)

Several analysts have recently updated their ratings and price targets for Citizens Financial Group (NYSE: CFG):

• 1/29/2025 – Citizens Financial Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $53.00 price target on the stock.
• 1/21/2025 – Citizens Financial Group had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $58.00 price target on the stock, up previously from $55.00.
• 1/21/2025 – Citizens Financial Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $53.00 price target on the stock.
• 1/21/2025 – Citizens Financial Group had its price target raised by analysts at Keefe, Bruyette & Woods from $53.00 to $56.00. They now have a “market perform” rating on the stock.
• 1/21/2025 – Citizens Financial Group had its price target raised by analysts at Truist Financial Co. from $49.00 to $54.00. They now have a “hold” rating on the stock.
• 1/7/2025 – Citizens Financial Group is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $49.00 price target on the stock.
• 1/6/2025 – Citizens Financial Group had its price target raised by analysts at Barclays PLC from $47.00 to $52.00. They now have an “equal weight” rating on the stock.
• 12/18/2024 – Citizens Financial Group was upgraded by analysts at Raymond James from a “market perform” rating to a “strong-buy” rating. They now have a $55.00 price target on the stock.
• 12/10/2024 – Citizens Financial Group had its price target raised by analysts at Compass Point from $45.00 to $57.00. They now have a “buy” rating on the stock.

Citizens Financial Group Stock Performance

NYSE CFG traded up $0.17 on Wednesday, hitting $47.21. 772,660 shares of the stock traded hands, compared to its average volume of 3,765,733. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day moving average is $45.78 and its two-hundred day moving average is $43.50. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during 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 revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth about $6,906,000. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Citizens Financial Group by 2.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 182,779 shares of the bank’s stock worth $7,998,000 after buying an additional 3,900 shares in the last quarter. Equity Investment Corp bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $204,000. Allegiance Financial Group Advisory Services LLC bought a new stake in Citizens Financial Group during the 4th quarter worth approximately $297,000. Finally, Bank of New York Mellon Corp lifted its stake in Citizens Financial Group by 31.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after purchasing an additional 839,041 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

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.