Citizens Financial Group (NYSE:CFG) Downgraded by ValuEngine

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

CFG has been the subject of a number of other reports. UBS Group raised Citizens Financial Group from a neutral rating to a buy rating in a report on Monday, May 4th. Citigroup reduced their target price on Citizens Financial Group from $34.00 to $24.00 and set a neutral rating for the company in a report on Wednesday, April 8th. TheStreet downgraded Citizens Financial Group from a b rating to a c+ rating in a report on Friday, March 6th. Wedbush boosted their target price on Citizens Financial Group from $26.00 to $27.00 and gave the company an outperform rating in a report on Monday, April 20th. Finally, Zacks Investment Research raised Citizens Financial Group from a sell rating to a hold rating and set a $19.00 target price for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $34.32.

CFG opened at $23.53 on Friday. The stock’s 50-day moving average price is $24.18 and its 200 day moving average price is $29.28. Citizens Financial Group has a 12-month low of $14.12 and a 12-month 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 market cap of $10.04 billion, a price-to-earnings ratio of 8.03, a PEG 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.17). Citizens Financial Group had a return on equity of 6.89% and a net margin of 17.23%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, research analysts forecast that Citizens Financial Group will post 1.02 earnings per share for the current year.

In other news, Director William P. Hankowsky purchased 10,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were acquired at an average price of $20.56 per share, for a total transaction of $205,600.00. Following the acquisition, the director now directly owns 44,924 shares in the company, valued at approximately $923,637.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles John Koch purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average price of $19.76 per share, for a total transaction of $98,800.00. Following the acquisition, the director now owns 88,924 shares in the company, valued at $1,757,138.24. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,165 shares of company stock worth $307,906 in the last quarter. 0.44% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Procyon Private Wealth Partners LLC acquired a new stake in Citizens Financial Group during the 4th quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in Citizens Financial Group during the 4th quarter valued at $37,000. Delta Asset Management LLC TN grew its holdings in Citizens Financial Group by 251.3% during the 1st quarter. Delta Asset Management LLC TN now owns 1,398 shares of the bank’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Citizens Financial Group by 146.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,480 shares of the bank’s stock valued at $28,000 after buying an additional 880 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Citizens Financial Group by 74.2% during the 4th quarter. Assetmark Inc. now owns 2,305 shares of the bank’s stock valued at $94,000 after buying an additional 982 shares during the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.

Citizens Financial Group Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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