Brokers Set Expectations for Citizens Financial Group, Inc.’s Q4 2024 Earnings (NYSE:CFG)
Citizens Financial Group, Inc. (NYSE:CFG – Free Report) – Research analysts at Wedbush cut their Q4 2024 earnings per share estimates for Citizens Financial Group in a research note issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $0.95 per share for the quarter, down from their prior estimate of $0.98. Wedbush currently has a “Neutral” rating and a $35.00 target price on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.20 per share.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share.
Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Barclays lowered shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. The Goldman Sachs Group upped their target price on shares of Citizens Financial Group from $31.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 18th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average target price of $35.63.
Check Out Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Trading Up 1.3 %
NYSE:CFG opened at $36.29 on Friday. The company has a 50 day simple moving average of $32.84 and a two-hundred day simple moving average of $29.85. The company has a market cap of $16.64 billion, a PE ratio of 11.67 and a beta of 1.36. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Citizens Financial Group has a 12 month low of $22.77 and a 12 month high of $36.35.
Citizens Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.68 annualized dividend and a yield of 4.63%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 54.02%.
Insider Buying and Selling at Citizens Financial Group
In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares in the company, valued at $1,471,902.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company’s stock.
Institutional Trading of Citizens Financial Group
A number of institutional investors have recently bought and sold shares of CFG. Resurgent Financial Advisors LLC purchased a new stake in Citizens Financial Group during the 4th quarter valued at about $28,000. Groupama Asset Managment purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $27,000. Clear Street Markets LLC increased its holdings in Citizens Financial Group by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock worth $29,000 after buying an additional 466 shares during the period. Lindbrook Capital LLC raised its position in Citizens Financial Group by 100.8% during the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after buying an additional 496 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Citizens Financial Group during the 4th quarter valued at approximately $33,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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