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Geode Capital Management LLC increased its stake in Citizens Financial Group to 10,929,591 shares valued at $477 million, while Wellington Management Group and Fuller & Thaler Asset Management also boosted their holdings significantly. Institutional investors now own 94.90% of the bank's stock. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a price target averaging $49.06, despite JPMorgan Chase lowering its target to $43.00.
Barclays raised its price target on Citizens Financial Group to $52, while Citigroup lowered it to $51, maintaining a "buy" rating. Raymond James upgraded its target to $58, and Piper Sandler increased theirs to $53 with an "overweight" rating. Currently, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.67, with significant institutional ownership. The company recently reported a quarterly EPS of $0.85, exceeding expectations, and announced a quarterly dividend of $0.42 per share.
Barclays raised its price target for Citizens Financial Group from $47 to $52, maintaining an "equal weight" rating, while Compass Point increased its target from $45 to $57 with a "buy" rating. The stock has a consensus rating of "Moderate Buy" and a price target of $48.67, with significant institutional activity noted, including Prudential Financial reducing its holdings by 75.6%. Citizens Financial reported a quarterly EPS of $0.85, exceeding estimates, and announced a dividend of $0.42 per share, reflecting a 4.07% yield.
Piper Sandler raised its price target on Citizens Financial Group to $53, maintaining an "overweight" rating, while Truist Financial lowered its target to $51 with a "hold" rating. The stock has a consensus rating of "Moderate Buy" and a price target of $48.67, with significant institutional investment, including KLP Kapitalforvaltning acquiring 140,760 shares. Citizens Financial recently reported earnings of $0.85 per share, exceeding estimates, and declared a quarterly dividend of $0.42 per share, yielding 3.98%.
Sierra Ocean LLC acquired a new position in Citizens Financial Group worth $47,000, with institutional investors holding 94.90% of the stock. Analysts have mixed ratings, with Citigroup lowering its target price from $58 to $51, while the stock recently traded at $42.38, reflecting a 2.9% increase. The company reported earnings of $0.85 per share, surpassing estimates, and anticipates a total EPS of 3.92 for the current year.
Citizens Financial Group has 9.90 million shares sold short, representing 2.98% of its available trading shares, with an average cover time of 2.7 days. The short interest has increased by 5.3% since the last report, indicating a more bearish sentiment among investors, although it remains lower than the peer group average of 3.87%.
Citizens Financial Group, Inc. (CFG) has seen a 21.6% stock gain over the past year, driven by organic growth in loans and deposits, alongside strategic initiatives to enhance wealth management. However, rising expenses and a concentrated commercial loan portfolio pose challenges to its financial stability. The company continues to implement efficiency programs, with the latest TOP 9 initiative projected to yield significant pre-tax benefits.
Citizens Financial Group, Inc. is experiencing organic growth, driven by rising loans and deposits, alongside enhancements in its wealth management offerings. Despite a rising cost base and limited loan portfolio diversification, strategic initiatives like the Tapping Our Potential program are expected to bolster financial performance. The bank's focus on relationship-based lending and efficiency initiatives has led to significant pre-tax benefits, supporting its overall growth trajectory.
Citigroup has adjusted its price target for Citizens Financial Group to $51 from $58 while maintaining a Buy rating. Citizens Financial Group is a prominent retail bank in the U.S., with net interest income primarily from retail banking (70.1%) and business banking (29.9%). As of the end of 2024, the bank manages $174.8 billion in deposits and $137.1 billion in loans through over 1,000 branches nationwide.
Citizens Financial Group reported Q4 earnings of $0.85 per share, surpassing estimates, with revenue of $1.99 billion, slightly down year-over-year. The bank declared a quarterly dividend of $0.42, yielding 4.08%, and has a Moderate Buy rating from analysts, with a consensus price target of $49.06. Institutional investors hold 94.90% of the stock, reflecting strong interest despite recent target price adjustments by various analysts.
Citizens Financial Group, Inc.
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institutional investors increase stakes in citizens financial group amid mixed analyst ratings
14:49 05.04.2025
analysts adjust price targets for citizens financial group stock
10:20 31.03.2025
barclays and compass point raise price targets for citizens financial group
09:38 29.03.2025
analysts adjust price targets for citizens financial group amid mixed ratings
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09:33 26.03.2025
citizens financial group sees mixed analyst ratings and institutional investment activity
16:15 25.03.2025
citizens financial group sees rise in short interest amid market sentiment shift
15:45 25.03.2025
citizens financial reports strong growth amid rising costs and challenges
12:52 25.03.2025
citizens financial reports organic growth amid rising costs and strategic initiatives
12:52 25.03.2025
citigroup lowers price target for citizens financial group to fifty one dollars
11:06 24.03.2025
citizens financial group reports earnings beat and announces quarterly dividend
09:57 23.03.2025
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