Traders sold shares of Citizens Financial Group Inc (NYSE:CFG) on strength during trading on Wednesday. $27.73 million flowed into the stock on the tick-up and $52.43 million flowed out of the stock on the tick-down, for a money net flow of $24.70 million out of the stock. Of all equities tracked, Citizens Financial Group had the 19th highest net out-flow for the day. Citizens Financial Group traded up $0.21 for the day and closed at $46.30
Several equities research analysts have weighed in on CFG shares. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 25th. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Morgan Stanley raised their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $40.00 to $39.00 in a research note on Tuesday, December 19th. Finally, Barclays raised their target price on Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $42.36.
The firm has a market capitalization of $22,780.00, a P/E ratio of 17.81, a PEG ratio of 0.76 and a beta of 1.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. equities analysts anticipate that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.22 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. Citizens Financial Group’s payout ratio is presently 33.85%.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. raised its stake in Citizens Financial Group by 7.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after buying an additional 1,120 shares during the last quarter. Pitcairn Co. raised its stake in Citizens Financial Group by 8.9% during the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock valued at $606,000 after buying an additional 1,182 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Citizens Financial Group by 23.6% during the third quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock valued at $290,000 after buying an additional 1,458 shares during the last quarter. ETRADE Capital Management LLC raised its stake in Citizens Financial Group by 6.5% during the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,532 shares during the last quarter. Finally, Intrust Bank NA raised its stake in Citizens Financial Group by 17.6% during the fourth quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock valued at $450,000 after buying an additional 1,604 shares during the last quarter. Institutional investors and hedge funds own 97.50% of the company’s stock.
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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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