The Citizens Financial Group Inc. (CFG) Given Hold Rating at Oppenheimer Holdings Inc.

The Citizens Financial Group Inc. (CFG) Given Hold Rating at Oppenheimer Holdings Inc.

Citizens Financial Group Inc. (NYSE:CFG)‘s stock had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc. in a research note issued to investors on Sunday.

Other equities analysts also recently issued reports about the company. Citigroup Inc. downgraded Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 15th. Deutsche Bank AG upped their target price on Citizens Financial Group from $27.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, November 30th. Barclays PLC upped their target price on Citizens Financial Group from $27.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Keefe, Bruyette & Woods raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $36.00 in a research report on Tuesday, November 29th. Finally, Wedbush reissued a “neutral” rating and issued a $31.00 target price (up from $30.00) on shares of Citizens Financial Group in a research report on Thursday, November 17th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.50.

Shares of Citizens Financial Group (NYSE:CFG) traded up 3.14% during trading on Friday, hitting $35.82. The stock had a trading volume of 8,164,516 shares. The firm has a 50 day moving average price of $35.18 and a 200 day moving average price of $27.07. The firm has a market cap of $18.56 billion, a P/E ratio of 18.00 and a beta of 1.37. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $37.08.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts expect that Citizens Financial Group will post $1.93 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. RDL Financial Inc. bought a new position in shares of Citizens Financial Group during the second quarter worth $310,000. Bank of New York Mellon Corp raised its position in shares of Citizens Financial Group by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 7,414,400 shares of the company’s stock worth $183,208,000 after buying an additional 754,908 shares in the last quarter. Henderson Group PLC raised its position in shares of Citizens Financial Group by 16.8% in the third quarter. Henderson Group PLC now owns 495,854 shares of the company’s stock worth $12,250,000 after buying an additional 71,208 shares in the last quarter. ING Groep NV raised its position in shares of Citizens Financial Group by 34.7% in the second quarter. ING Groep NV now owns 700,716 shares of the company’s stock worth $14,000,000 after buying an additional 180,605 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Citizens Financial Group by 403.6% in the third quarter. Teachers Advisors LLC now owns 2,868,855 shares of the company’s stock worth $70,889,000 after buying an additional 2,299,155 shares in the last quarter. 94.16% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

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