Jefferies Financial Group Boosts Citizens Financial Group (NYSE:CFG) Price Target to $37.00

Citizens Financial Group (NYSE:CFG) had its price objective upped by equities researchers at Jefferies Financial Group from $36.00 to $37.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 1.98% from the company’s previous close.

A number of other equities analysts have also recently issued reports on CFG. Wedbush decreased their price objective on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 5th. Finally, Piper Sandler upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $41.00 in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and an average target price of $37.73.

Citizens Financial Group Trading Down 0.3 %

Shares of CFG stock traded down $0.10 on Wednesday, hitting $36.28. 489,623 shares of the company’s stock traded hands, compared to its average volume of 5,304,363. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. Citizens Financial Group has a one year low of $22.77 and a one year high of $37.30. The company’s fifty day simple moving average is $35.18 and its 200 day simple moving average is $33.82. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.40 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. Citizens Financial Group’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Equities analysts forecast that Citizens Financial Group will post 3.16 EPS for the current year.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the sale, the insider now directly owns 37,558 shares of the company’s stock, valued at $1,265,704.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Citizens Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFG. Wellington Management Group LLP increased its stake in shares of Citizens Financial Group by 217.5% in the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after purchasing an additional 5,465,824 shares in the last quarter. Norges Bank purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth $117,372,000. Capital International Investors increased its stake in shares of Citizens Financial Group by 4.4% in the first 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. Hsbc Holdings PLC increased its stake in shares of Citizens Financial Group by 96.3% in the fourth quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after purchasing an additional 1,212,642 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Citizens Financial Group by 130.0% in the fourth quarter. Franklin Resources Inc. now owns 1,955,230 shares of the bank’s stock worth $64,796,000 after purchasing an additional 1,105,011 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

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.