Citizens Financial Group (NYSE:CFG) Price Target Raised to $80.00
by Tristan Rich · The Markets DailyCitizens Financial Group (NYSE:CFG – Free Report) had its price target increased by Cantor Fitzgerald from $75.00 to $80.00 in a research report sent to investors on Wednesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the bank’s stock.
Several other brokerages have also issued reports on CFG. Truist Financial upped their target price on Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Citigroup lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Robert W. Baird restated a “neutral” rating and set a $72.00 price target on shares of Citizens Financial Group in a research note on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research report on Monday, July 6th. Finally, Morgan Stanley lifted their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.85.
Get Our Latest Report on Citizens Financial Group
Citizens Financial Group Stock Performance
Shares of CFG stock opened at $72.34 on Wednesday. The business’s fifty day simple moving average is $66.42 and its 200-day simple moving average is $63.59. The company has a market cap of $30.59 billion, a PE ratio of 15.69, a PEG ratio of 0.62 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Citizens Financial Group has a 12-month low of $45.90 and a 12-month high of $74.70.
Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. Analysts expect that Citizens Financial Group will post 5.22 earnings per share for the current fiscal year.
Citizens Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.
Insider Buying and Selling at Citizens Financial Group
In other news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.67% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Ballast Inc. purchased a new stake in Citizens Financial Group in the 2nd quarter worth approximately $322,000. Tema ETFs LLC increased its holdings in shares of Citizens Financial Group by 9.4% during the 2nd quarter. Tema ETFs LLC now owns 8,425 shares of the bank’s stock valued at $590,000 after purchasing an additional 725 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Citizens Financial Group by 6.8% in the 2nd quarter. Everhart Financial Group Inc. now owns 23,279 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 1,487 shares during the period. Everpar Advisors LLC acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at $211,000. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Citizens Financial Group by 11.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,918 shares of the bank’s stock valued at $275,000 after purchasing an additional 387 shares during the period. 94.90% of the stock is 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: Citizens Financial reported better-than-expected Q2 2026 results, with EPS of $1.30 versus $1.25 expected and revenue of $2.28 billion versus $2.25 billion expected, driven by stronger net interest income and fee growth. Reuters article
- Positive Sentiment: The company said net income rose 35% year over year to $587 million and EPS increased 41% year over year, reinforcing momentum in profitability. Business Wire article
- Positive Sentiment: Several analysts raised price targets after the earnings release, including Keefe, Bruyette & Woods to $90, RBC to $79, Barclays to $81, and Baird to $75, signaling improving Wall Street sentiment. Benzinga article
- Positive Sentiment: Analysts also highlighted a raised net interest margin outlook and solid private bank growth, which may support expectations for continued earnings strength. Read More.
- Positive Sentiment: The company declared a quarterly dividend of $0.46 per share, underscoring capital return to shareholders.
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.
Recommended Stories
- Five stocks we like better than Citizens Financial Group
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings