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-1.41 Fall Turns Citizens Financial Group Inc. (CFG) Into A Losing Stock For Investors

Citizens Financial Group Inc. (NYSE:CFG) has a beta value of 1.33 and has seen 4.27 million shares traded in the last trading session. The company, currently valued at $20.10B, closed the last trade at $41.82 per share which meant it lost -$0.6 on the day or -1.41% during that session. The CFG stock price is -34.17% off its 52-week high price of $56.11 and 21.93% above the 52-week low of $32.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.35 million shares traded. The 3-month trading volume is 3.92 million shares.

The consensus among analysts is that Citizens Financial Group Inc. (CFG) is an Overweight stock at the moment, with a recommendation rating of 2.10. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 5 out of 23 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.32.

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Citizens Financial Group Inc. (NYSE:CFG) trade information

Sporting -1.41% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the CFG stock price touched $41.82 or saw a rise of 2.11%. Year-to-date, Citizens Financial Group Inc. shares have moved 6.22%, while the 5-day performance has seen it change 2.45%. Over the past 30 days, the shares of Citizens Financial Group Inc. (NYSE:CFG) have changed 8.06%. Short interest in the company has seen 5.19 million shares shorted with days to cover at 1.07.

Wall Street analysts have a consensus price target for the stock at $47.10, which means that the shares’ value could jump 11.21% from current levels. The projected low price target is $38.00 while the price target rests at a high of $57.00. In that case, then, we find that the current price level is -36.3% off the targeted high while a plunge would see the stock lose 9.13% from current levels.

Citizens Financial Group Inc. (CFG) estimates and forecasts

Figures show that Citizens Financial Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 10.90% over the past 6 months, with this year growth rate of 22.93%, compared to -0.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 12.80% and 33.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 21.20%.

12 analysts offering their estimates for the company have set an average revenue estimate of $2.22 billion for the current quarter. 8 have an estimated revenue figure of $2.21 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $1.72 billion and $1.65 billion respectively for this quarter and the next, and analysts expect sales will grow by 29.20% for the current quarter and 34.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.30% over the past 5 years. Earnings growth for 2023 is a modest 132.60% while over the next 5 years, the company’s earnings are expected to increase by 0.85%.

CFG Dividends

Citizens Financial Group Inc. is expected to release its next earnings report on April 19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.68 at a share yield of 4.02%. The company’s dividend yield has gone up over the past 12 months.

Citizens Financial Group Inc. (NYSE:CFG)’s Major holders

Insiders own 0.41% of the company shares, while shares held by institutions stand at 91.62% with a share float percentage of 92.00%. Investors are also buoyed by the number of investors in a company, with Citizens Financial Group Inc. having a total of 1,068 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 57.27 million shares worth more than $2.04 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 11.55% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 46.64 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.66 billion and represent 9.41% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 3.56% shares in the company for having 17.67 million shares of worth $607.02 million while later fund manager owns 14.57 million shares of worth $519.95 million as of Jun 29, 2022, which makes it owner of about 2.94% of company’s outstanding stock.

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