Citizens Financial Group Inc (NYSE:CFG) saw unusually large options trading activity on Tuesday. Investors purchased 2,747 put options on the company. This represents an increase of approximately 2,268% compared to the average daily volume of 116 put options.
CFG has been the subject of a number of research reports. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, December 4th. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays boosted their price objective on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Citizens Financial Group in a research report on Sunday, January 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.36.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.
Citizens Financial Group (NYSE:CFG) opened at $43.75 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $21,705.46, a P/E ratio of 16.93, a PEG ratio of 0.74 and a beta of 1.39. Citizens Financial Group has a 52-week low of $31.51 and a 52-week high of $48.23.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. analysts forecast that Citizens Financial Group will post 3.36 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, January 31st. Citizens Financial Group’s payout ratio is presently 26.91%.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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