Citizens Financial Group Inc. (NYSE:CFG) hit a new 52-week high during mid-day trading on Wednesday after Deutsche Bank AG raised their price target on the stock from $27.00 to $34.00. Deutsche Bank AG currently has a hold rating on the stock. Citizens Financial Group traded as high as $33.33 and last traded at $33.32, with a volume of 2,571,752 shares. The stock had previously closed at $32.39.

A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group AG lifted their price target on shares of Citizens Financial Group from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, September 8th. Citigroup Inc. lifted their price target on shares of Citizens Financial Group from $23.00 to $26.00 in a research note on Thursday, September 8th. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, September 23rd. Wedbush initiated coverage on shares of Citizens Financial Group in a research note on Thursday, October 6th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Oppenheimer Holdings Inc. set a $25.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Citizens Financial Group by 7.3% in the second quarter. State Street Corp now owns 25,612,033 shares of the company’s stock valued at $511,744,000 after buying an additional 1,742,434 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Citizens Financial Group by 2.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 21,946,583 shares of the company’s stock valued at $438,493,000 after buying an additional 565,866 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock valued at $434,694,000 after buying an additional 2,594,312 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Citizens Financial Group by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,033,151 shares of the company’s stock valued at $445,599,000 after buying an additional 1,631,468 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Citizens Financial Group by 4.8% in the second quarter. Lord Abbett & CO. LLC now owns 11,471,620 shares of the company’s stock valued at $229,203,000 after buying an additional 528,729 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 21st. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 2nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, October 31st. Citizens Financial Group’s dividend payout ratio is currently 25.95%.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

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