Citizens Financial Group (NYSE:CFG) Stock Price Expected to Rise, Truist Financial Analyst Says

Citizens Financial Group (NYSE:CFG) had its price target boosted by stock analysts at Truist Financial from $63.00 to $69.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the bank’s stock. Truist Financial’s price objective indicates a potential upside of 7.30% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CFG. Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. New Street Research set a $73.00 target price on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Finally, Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Monday, March 9th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.76.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $64.31 on Friday. The company’s 50 day simple moving average is $61.47 and its 200-day simple moving average is $57.98. The company has a market capitalization of $27.33 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70. Citizens Financial Group has a 1 year low of $33.95 and a 1 year high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. As a group, equities research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current year.

Insider Buying and Selling

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in Citizens Financial Group by 1.7% during the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock worth $1,982,532,000 after acquiring an additional 614,181 shares in the last quarter. Invesco Ltd. grew its holdings in Citizens Financial Group by 1.7% during the 3rd quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock worth $1,279,270,000 after acquiring an additional 393,158 shares in the last quarter. Geode Capital Management LLC grew its holdings in Citizens Financial Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after acquiring an additional 32,264 shares in the last quarter. Morgan Stanley grew its holdings in Citizens Financial Group by 2.7% during the 4th quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock worth $655,242,000 after acquiring an additional 298,779 shares in the last quarter. Finally, Capital International Investors grew its holdings in Citizens Financial Group by 32.3% during the 4th quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock worth $467,389,000 after acquiring an additional 1,953,372 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Trending Headlines about Citizens Financial Group

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Q1 beat on profit and revenue — CFG reported EPS of $1.13 (vs. ~$1.10 consensus) and revenue of $2.17B, with net income of $517M (up ~39% YoY) and revenue +12% YoY, signaling solid underlying performance. TMCNet Q1 Results
• Positive Sentiment: Net interest income and fee income strength — management cited healthy NII and fee income contributions that helped drive the beat, supporting margin expansion potential as rates remain favorable. Zacks: NII & Fee Income
• Positive Sentiment: Dividend declared — CFG announced a quarterly dividend of $0.46 per share (ex-dividend Apr 30, payable May 14), implying a ~2.9% yield, which supports income?oriented investors.
• Neutral Sentiment: Detail access — full earnings slide deck and the Q1 earnings call transcript are available for investors who want line?by?line commentary from management on loans, NII drivers, and expense trends. Earnings Call Transcript
• Neutral Sentiment: Analyst revisions ahead of the print — several analysts had revised forecasts upward into the quarter, which raised expectations and could amplify share moves around the release. Benzinga: Analyst Revisions
• Negative Sentiment: Rising expenses — the beat came alongside higher operating expenses, which analysts highlighted as a drag on margins and the primary reason for the stock weakness in early trading. Zacks: Expenses Weigh
• Negative Sentiment: Share reaction — despite the beat, shares moved lower on the print (investors focused on costs and capital/efficiency metrics such as a mid?single digit ROE), suggesting the market is looking for clearer proof of sustained margin improvement. Investing.com: Market Reaction

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.