Citizens Financial Group, Inc. (NYSE:CFG) – Investment analysts at Oppenheimer Holdings increased their FY2018 earnings per share estimates for Citizens Financial Group in a report released on Monday, Zacks Investment Research reports. Oppenheimer Holdings analyst B. Chittenden now expects that the bank will earn $2.87 per share for the year, up from their previous estimate of $2.82. Oppenheimer Holdings currently has a “Hold” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $40.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Sanford C. Bernstein raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $38.00 to $43.00 in a research note on Thursday, September 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $39.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus target price of $38.60.
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Shares of Citizens Financial Group (NYSE:CFG) opened at $36.68 on Thursday. Citizens Financial Group has a one year low of $29.05 and a one year high of $39.75. The company has a market capitalization of $18,046.23, a P/E ratio of 14.85, a P/E/G ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 29.15%.
Institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Citizens Financial Group by 4.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock worth $40,426,000 after acquiring an additional 47,855 shares during the period. Lazard Asset Management LLC lifted its holdings in Citizens Financial Group by 16,695.7% during the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock worth $99,167,000 after acquiring an additional 2,762,808 shares during the period. Boston Advisors LLC lifted its holdings in Citizens Financial Group by 10.4% during the third quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock worth $25,003,000 after acquiring an additional 61,942 shares during the period. Intrust Bank NA bought a new stake in Citizens Financial Group during the second quarter worth $267,000. Finally, Todd Asset Management LLC lifted its holdings in Citizens Financial Group by 33.4% during the second quarter. Todd Asset Management LLC now owns 1,819,023 shares of the bank’s stock worth $64,903,000 after acquiring an additional 455,476 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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