Citizens Financial Group (NYSE:CFG) Announces Earnings Results

Citizens Financial Group (NYSE:CFG) released its earnings results on Friday. The bank reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02, Briefing.com reports. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same period in the previous year, the business posted $0.88 EPS.

Shares of Citizens Financial Group stock opened at $36.83 on Friday. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $41.76. The firm has a 50-day moving average price of $34.85. The company has a market cap of $16.88 billion, a PE ratio of 9.69, a P/E/G ratio of 2.18 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57.

A number of equities research analysts have recently commented on CFG shares. UBS Group lifted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Wedbush set a $13.00 target price on SLM and gave the stock a “buy” rating in a research note on Monday, April 22nd. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Finally, ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two research 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. The company presently has a consensus rating of “Hold” and an average price target of $40.21.

Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new stake in shares of Citizens Financial Group during the second quarter valued at about $356,000. Davy Asset Management Ltd bought a new stake in shares of Citizens Financial Group during the second quarter valued at about $1,650,000. Bessemer Group Inc. increased its position in shares of Citizens Financial Group by 12,150.3% during the second quarter. Bessemer Group Inc. now owns 157,171 shares of the bank’s stock valued at $5,558,000 after buying an additional 155,888 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Citizens Financial Group by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 92,200 shares of the bank’s stock valued at $3,260,000 after buying an additional 1,238 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Citizens Financial Group by 44.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,200 shares of the bank’s stock valued at $219,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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Earnings History for Citizens Financial Group (NYSE:CFG)

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