Citizens Financial Group Inc. (NYSE:CFG) – Stock analysts at Jefferies Group upped their Q3 2016 earnings per share (EPS) estimates for Citizens Financial Group in a note issued to investors on Tuesday. Jefferies Group analyst K. Usdin now forecasts that the brokerage will post earnings per share of $0.54 for the quarter, up from their previous forecast of $0.53. Jefferies Group also issued estimates for Citizens Financial Group’s Q1 2017 earnings at $0.46 EPS, Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.53 EPS and Q4 2017 earnings at $0.56 EPS.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, July 21st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis.
Several other research firms also recently commented on CFG. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Citigroup Inc. upped their price objective on shares of Citizens Financial Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Wedbush assumed coverage on shares of Citizens Financial Group in a report on Thursday, October 6th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Barclays PLC reissued a “hold” rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Buy” and an average price target of $27.46.
Shares of Citizens Financial Group (NYSE:CFG) opened at 24.52 on Thursday. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $27.17. The stock has a 50 day moving average of $24.62 and a 200-day moving average of $22.72. The company has a market capitalization of $12.74 billion, a P/E ratio of 14.52 and a beta of 1.19.
Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock worth $105,000 after buying an additional 4,729 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Citizens Financial Group during the second quarter worth approximately $110,000. Capital Analysts LLC boosted its stake in shares of Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock worth $111,000 after buying an additional 1,462 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Citizens Financial Group by 90.1% in the second quarter. Acrospire Investment Management LLC now owns 6,465 shares of the company’s stock worth $129,000 after buying an additional 3,065 shares during the period. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Citizens Financial Group during the second quarter worth approximately $142,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.
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