Citizens Financial Group (NYSE:CFG) Given New $72.00 Price Target at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG) had its target price raised by research analysts at Keefe, Bruyette & Woods from $70.00 to $72.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.96% from the company’s current price.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. Truist Financial cut their price objective on shares of Citizens Financial Group from $71.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Robert W. Baird upgraded 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. Citigroup upped their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Bank of America upped their target price on shares of Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $70.48.

Citizens Financial Group Stock Down 1.4%

Shares of Citizens Financial Group stock opened at $64.31 on Friday. Citizens Financial Group has a twelve month low of $33.95 and a twelve month high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The stock has a market cap 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. The company has a fifty day moving average price of $61.47 and a 200 day moving average price of $57.98.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Citizens Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in Citizens Financial Group by 1.7% during the third quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock valued at $1,982,532,000 after purchasing an additional 614,181 shares during the last quarter. Invesco Ltd. lifted its stake in Citizens Financial Group by 1.7% during the third quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock valued at $1,279,270,000 after purchasing an additional 393,158 shares during the last quarter. Geode Capital Management LLC lifted its stake in Citizens Financial Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Morgan Stanley lifted its position in shares of Citizens Financial Group by 2.7% in the 4th quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock valued at $655,242,000 after acquiring an additional 298,779 shares in the last quarter. Finally, Capital International Investors grew its position 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 purchasing an additional 1,953,372 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.