Citizens Financial Group (CFG) Stock Price, News & Analysis

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CFG, but not buy additional shares or sell existing shares.
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17 brokers have issued 12 month price objectives for Citizens Financial Group's shares. Their CFG share price targets range from $26.00 to $44.00. On average, they predict the company's stock price to reach $35.00 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
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Citizens Financial Group's stock was trading at $33.14 at the beginning of the year. Since then, CFG shares have decreased by 5.3% and is now trading at $31.37.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
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Citizens Financial Group, Inc. (NYSE:CFG) released its quarterly earnings results on Wednesday, January, 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by $0.26. The bank earned $2 billion during the quarter, compared to analysts' expectations of $2 billion. Citizens Financial Group had a trailing twelve-month return on equity of 7.40% and a net margin of 13.19%. Citizens Financial Group's quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share.
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Citizens Financial Group declared a quarterly dividend on Wednesday, January 17th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.42 per share on Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Tuesday, January 30th.
Read our dividend analysis for CFG.

Citizens Financial Group (NYSE:CFG) pays an annual dividend of $1.68 per share and currently has a dividend yield of 5.33%. CFG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 43.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CFG.

ETFs with the largest weight of Citizens Financial Group (NYSE:CFG) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Proshares Equities For Rising Rates ETF (EQRR), Amplify AI Powered Equity ETF (AIEQ), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI) and SPDR S&P Regional Banking ETF (KRE).

Citizens Financial Group announced that its board has initiated a share repurchase plan on Friday, February 17th 2023, which permits the company to repurchase $1,150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

893 employees have rated Citizens Financial Group Chief Executive Officer Bruce Van Saun on Glassdoor.com. Bruce Van Saun has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Citizens Financial Group investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), AT&T (T), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA), Johnson & Johnson (JNJ), Alibaba Group (BABA), CVS Health (CVS) and Pfizer (PFE).

Citizens Financial Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.25%), LSV Asset Management (1.40%), Dimensional Fund Advisors LP (0.82%), Nordea Investment Management AB (0.67%), AustralianSuper Pty Ltd (0.40%) and ANTIPODES PARTNERS Ltd (0.28%). Insiders that own company stock include Kevin Cummings, Shivan S Subramaniam and Terrance Lillis.
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Shares of CFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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