Bank of America Boosts Citizens Financial Group (NYSE:CFG) Price Target to $78.00

Citizens Financial Group (NYSE:CFG) had its target price hoisted by investment analysts at Bank of America from $70.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Bank of America‘s price objective would suggest a potential upside of 19.55% from the stock’s current price.

CFG has been the topic of several other reports. Raymond James Financial cut Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $62.00 to $66.00 in a research report on Wednesday, January 7th. New Street Research set a $73.00 price target on Citizens Financial Group in a report on Thursday. Robert W. Baird reiterated a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, December 11th. DA Davidson boosted their price target on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.68.

Citizens Financial Group Stock Up 1.8%

Shares of Citizens Financial Group stock traded up $1.18 during trading on Thursday, reaching $65.24. The company had a trading volume of 3,136,385 shares, compared to its average volume of 5,803,062. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $65.88. The firm’s fifty day moving average is $57.35 and its 200-day moving average is $52.86. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 0.52 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. On average, analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the period. Trust Co. of Vermont raised its stake in Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Citizens Financial Group by 632.0% in the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after buying an additional 613 shares during the period. Finally, REAP Financial Group LLC boosted its position in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after buying an additional 309 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Citizens Financial Group

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

• Positive Sentiment: Q4 results: CFG reported EPS of $1.13 vs. ~$1.11 consensus and revenue of $2.16B (up 8.6% YoY); net income rose ~32% YoY, backing the rally. Q4 Net Income Report
• Positive Sentiment: Analyst upgrades: DA Davidson raised its price target to $73 and assigned a Buy rating — signaling ~11% upside from recent levels and adding buy‑side interest. DA Davidson Upgrade
• Positive Sentiment: Analyst upgrade: Keefe, Bruyette & Woods lifted its target to $70 with an Outperform rating, reinforcing analyst conviction after the quarter. KBW Upgrade
• Positive Sentiment: Dividend: CFG declared a $0.46 quarterly dividend (ex‑div Feb 4, payable Feb 18), implying a ~2.8% yield — supports income investors and can buoy valuation multiples.
• Positive Sentiment: Operational drivers: Management highlighted NII and fee‑income growth as key drivers; coverage pieces and headlines note profit jump and shares reaching all‑time highs on the news. MSN Profit/Highs
• Neutral Sentiment: Conference materials & transcripts: The earnings‑call transcript, slide deck and follow‑up analyst notes are available for deeper read — useful for confirming guidance, credit trends and capital deployment plans. Seeking Alpha Analysis / Transcripts

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.