Citizens Financial Group (NYSE:CFG) Given New $45.00 Price Target at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG) had its target price trimmed by Keefe, Bruyette & Woods from $49.00 to $45.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

CFG has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Citigroup dropped their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Morgan Stanley dropped their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, Stephens reiterated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.22.

Citizens Financial Group Trading Down 0.1 %

Shares of NYSE CFG opened at $35.43 on Thursday. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $49.25. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $41.12 and its 200-day moving average is $43.62.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Equities research analysts predict that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group’s payout ratio is currently 53.33%.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently made changes to their positions in CFG. Capital World Investors raised its position in shares of Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares during the period. Geode Capital Management LLC lifted its position in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP lifted its position in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after acquiring an additional 1,672,204 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Citizens Financial Group by 6.4% in the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank’s stock valued at $273,378,000 after purchasing an additional 374,850 shares during the last quarter. 94.90% 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 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.