Citizens Financial Group (NYSE:CFG) Stock Rating Lowered by UBS Group


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Citizens Financial Group (NYSE:CFG) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Analyst Ratings Network reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Citizens Financial Group from $25.50 to $29.50 in a research note on Tuesday, October 6th. ValuEngine upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 5th. Bank of America increased their price objective on shares of Citizens Financial Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Morgan Stanley increased their price objective on shares of Citizens Financial Group from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, January 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.25.

Shares of Citizens Financial Group stock opened at $40.25 on Tuesday. The firm has a market cap of $17.19 billion, a PE ratio of 18.13 and a beta of 1.87. The firm’s 50-day simple moving average is $35.75 and its 200-day simple moving average is $28.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.92 and a current ratio of 0.94. Citizens Financial Group has a 1 year low of $14.12 and a 1 year high of $41.29.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.74 billion. Citizens Financial Group had a net margin of 13.04% and a return on equity of 5.30%. During the same quarter in the prior year, the business posted $0.97 EPS. On average, equities analysts predict that Citizens Financial Group will post 2.23 earnings per share for the current year.

In other Citizens Financial Group news, insider Brendan Coughlin sold 12,000 shares of the company’s stock in a transaction dated Friday, December 11th. The shares were sold at an average price of $35.35, for a total value of $424,200.00. Following the completion of the transaction, the insider now owns 48,532 shares in the company, valued at approximately $1,715,606.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Citizens Financial Group by 8.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,992 shares of the bank’s stock valued at $1,871,000 after acquiring an additional 5,498 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 8.9% in the third quarter. Advisors Asset Management Inc. now owns 16,836 shares of the bank’s stock valued at $426,000 after acquiring an additional 1,371 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of Citizens Financial Group by 23.9% in the third quarter. Forsta AP Fonden now owns 99,700 shares of the bank’s stock valued at $2,520,000 after acquiring an additional 19,200 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Citizens Financial Group by 73.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 205,876 shares of the bank’s stock valued at $5,205,000 after acquiring an additional 87,082 shares in the last quarter. Finally, CX Institutional boosted its holdings in shares of Citizens Financial Group by 124.4% in the third quarter. CX Institutional now owns 70,238 shares of the bank’s stock valued at $1,776,000 after acquiring an additional 38,931 shares in the last quarter. Institutional investors and hedge funds own 92.77% 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 that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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