Citizens Financial Group (NYSE:CFG) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Citizens Financial Group (NYSE:CFG) from a hold rating to a sell rating in a report published on Saturday morning, ValuEngine reports.

Several other equities analysts have also recently weighed in on the stock. UBS Group raised shares of Citizens Financial Group from a neutral rating to a buy rating in a research note on Monday, May 4th. Citigroup decreased their target price on shares of Citizens Financial Group from $34.00 to $24.00 and set a neutral rating for the company in a research note on Wednesday, April 8th. TheStreet cut shares of Citizens Financial Group from a b rating to a c+ rating in a research note on Friday, March 6th. Compass Point initiated coverage on shares of Citizens Financial Group in a research report on Tuesday, April 14th. They set a neutral rating for the company. Finally, Argus reduced their price objective on shares of Citizens Financial Group from $44.00 to $30.00 and set a buy rating for the company in a research report on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $34.32.

NYSE:CFG opened at $23.53 on Friday. Citizens Financial Group has a 1-year low of $14.12 and a 1-year high of $41.29. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $29.21. The stock has a market capitalization of $10.04 billion, a PE ratio of 8.03, a P/E/G ratio of 3.96 and a beta of 1.84.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, April 17th. The bank reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). Citizens Financial Group had a net margin of 17.23% and a return on equity of 6.89%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities analysts predict that Citizens Financial Group will post 1.02 earnings per share for the current fiscal year.

In other news, Director Charles John Koch bought 5,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average price of $19.76 per share, with a total value of $98,800.00. Following the completion of the acquisition, the director now owns 88,924 shares of the company’s stock, valued at $1,757,138.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William P. Hankowsky bought 10,000 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were purchased at an average cost of $20.56 per share, with a total value of $205,600.00. Following the acquisition, the director now directly owns 44,924 shares of the company’s stock, valued at approximately $923,637.44. The disclosure for this purchase can be found here. Insiders have bought 15,165 shares of company stock valued at $307,906 in the last three months. Insiders own 0.44% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Procyon Private Wealth Partners LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at about $25,000. Delta Asset Management LLC TN raised its stake in Citizens Financial Group by 251.3% in the first quarter. Delta Asset Management LLC TN now owns 1,398 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Citizens Financial Group by 146.7% in the first quarter. Hillsdale Investment Management Inc. now owns 1,480 shares of the bank’s stock valued at $28,000 after purchasing an additional 880 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Citizens Financial Group in the fourth quarter valued at about $37,000. Finally, Cornerstone Advisors Inc. raised its stake in Citizens Financial Group by 34.3% in the first quarter. Cornerstone Advisors Inc. now owns 2,562 shares of the bank’s stock valued at $48,000 after purchasing an additional 655 shares in the last quarter. 93.65% of the stock is owned by institutional investors.

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 provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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