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

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citizens Financial Group in the last year. There are currently 9 hold ratings and 6 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.
View CFG analyst ratings or view top-rated stocks.

15 Wall Street research analysts have issued 1-year target prices for Citizens Financial Group's shares. Their CFG share price targets range from $26.00 to $44.00. On average, they expect the company's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for CFG or view top-rated stocks among Wall Street analysts.

Citizens Financial Group's stock was trading at $39.37 at the start of the year. Since then, CFG stock has decreased by 15.8% and is now trading at $33.14.
View the best growth stocks for 2023 here.

Citizens Financial Group saw a decline in short interest in December. As of December 15th, there was short interest totaling 19,520,000 shares, a decline of 13.0% from the November 30th total of 22,440,000 shares. Based on an average daily trading volume, of 5,640,000 shares, the days-to-cover ratio is currently 3.5 days.
View Citizens Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024.
View our CFG earnings forecast.

Citizens Financial Group will be holding an earnings conference call on Wednesday, January 17th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-207-1041 with passcode "9913757".

Citizens Financial Group, Inc. (NYSE:CFG) posted its earnings results on Wednesday, October, 18th. The bank reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.91 by $0.06. The bank earned $3.09 billion during the quarter, compared to analysts' expectations of $2.04 billion. Citizens Financial Group had a trailing twelve-month return on equity of 9.60% and a net margin of 17.61%. During the same quarter last year, the company posted $1.30 EPS.
Read the conference call transcript.

Citizens Financial Group declared a quarterly dividend on Tuesday, October 17th. Investors of record on Wednesday, November 1st will be given a dividend of $0.42 per share on Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Tuesday, October 31st.
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 5.07%. CFG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CFG will have a dividend payout ratio of 50.76% 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), AI Powered Equity ETF (AIEQ), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and SPDR S&P Regional Banking ETF (KRE).

Citizens Financial Group declared that its Board of Directors has initiated a stock buyback program on Friday, February 17th 2023, which authorizes the company to buyback $1,150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is 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).

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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