Shares of Citizens Financial Group Inc (NYSE:CFG) have been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.78.
A number of analysts recently commented on CFG shares. Morgan Stanley dropped their price target on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 18th. BMO Capital Markets decreased their target price on Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Macquarie raised Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research report on Monday, October 22nd. Bank of America raised Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, October 22nd. Finally, Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st.
Citizens Financial Group stock traded up $0.27 during mid-day trading on Thursday, reaching $35.50. 3,497,139 shares of the company’s stock were exchanged, compared to its average volume of 5,355,393. The firm has a market capitalization of $16.48 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. Citizens Financial Group has a one year low of $34.82 and a one year high of $48.23. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.79.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 41.86%.
In other news, Director Charles John Koch bought 14,000 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was acquired at an average cost of $36.32 per share, with a total value of $508,480.00. Following the completion of the transaction, the director now directly owns 49,937 shares of the company’s stock, valued at approximately $1,813,711.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. purchased a new position in shares of Citizens Financial Group in the second quarter valued at $102,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Citizens Financial Group by 8,430.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,782 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Citizens Financial Group in the third quarter valued at $113,000. Synovus Financial Corp grew its position in shares of Citizens Financial Group by 67.3% in the third quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock valued at $137,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Citizens Financial Group in the third quarter valued at $158,000. 97.73% of the stock is owned by institutional investors and hedge funds.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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