Shares of Citizens Financial Group Inc (NYSE:CFG) have been given an average rating of “Buy” by the fifteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.45.

Several research firms recently weighed in on CFG. Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $41.00 to $37.00 in a report on Wednesday. Goldman Sachs Group upgraded shares of Citizens Financial Group to a “buy” rating and cut their price target for the stock from $44.00 to $40.00 in a report on Monday. Barclays cut their price target on shares of Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Royal Bank of Canada upgraded shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research restated a “buy” rating and set a $32.00 price target on shares of Citizens Financial Group in a report on Monday, December 31st.

In related news, Director Charles John Koch bought 14,000 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were purchased at an average cost of $36.32 per share, for a total transaction of $508,480.00. Following the completion of the purchase, the director now directly owns 49,937 shares in the company, valued at $1,813,711.84. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shivan S. Subramaniam bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the purchase, the director now owns 38,963 shares of the company’s stock, valued at $1,376,173.16. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFG. Schroder Investment Management Group raised its position in shares of Citizens Financial Group by 3.7% in the second quarter. Schroder Investment Management Group now owns 2,063,638 shares of the bank’s stock valued at $81,534,000 after purchasing an additional 73,374 shares during the period. Point72 Asset Management L.P. raised its position in shares of Citizens Financial Group by 332.4% in the second quarter. Point72 Asset Management L.P. now owns 1,127,049 shares of the bank’s stock valued at $43,842,000 after purchasing an additional 866,396 shares during the period. HRT Financial LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $1,343,000. Gradient Investments LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $8,917,000. Finally, SPX Equities Gestao de Recursos Ltda bought a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $14,373,920,470,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Citizens Financial Group stock traded up $0.39 during midday trading on Friday, hitting $32.63. 6,290,400 shares of the stock were exchanged, compared to its average volume of 5,339,638. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $48.23. The stock has a market cap of $15.17 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 1.00.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts predict that Citizens Financial Group will post 3.52 EPS for the current fiscal year.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Further Reading: Quiet Period

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.