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Citizens Financial Group Inc. (NYSE: CFG) Just Learned Something New After This Week’s -9.70% Loss

Citizens Financial Group Inc. (NYSE:CFG)’s traded shares stood at 2.51 million during the latest session, with the company’s beta value hitting 1.36. At the last check today, the stock’s price was $31.10, to imply a decrease of -4.57% or -$1.49 in intraday trading. The CFG share’s 52-week high remains $50.80, putting it -63.34% down since that peak but still an impressive 4.44% since price per share fell to its 52-week low of $29.72. The company has a valuation of $16.38B, with an average of 10.88 million shares in intraday trading volume over the past 10 days and average of 4.76 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Citizens Financial Group Inc. (CFG), translating to a mean rating of 2.10. Of 23 analyst(s) looking at the stock, 1 analyst(s) give CFG a Sell rating. 3 of those analysts rate the stock as Overweight while 5 advise Hold as 14 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.16.

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

After registering a -4.57% downside in the latest session, Citizens Financial Group Inc. (CFG) has traded red over the past five days. The stock hit a weekly high of 33.51 this Thursday, 03/16/23, dropping -4.57% in its intraday price action. The 5-day price performance for the stock is -9.70%, and -28.39% over 30 days. With these gigs, the year-to-date price performance is -21.01%. Short interest in Citizens Financial Group Inc. (NYSE:CFG) saw shorts transact 10.7 million shares and set a 3.2 days time to cover.

Analysts on Wall Street suggest a consensus price target of $47.17, implying an increase of 34.07% to the stock’s recent value. The extremes give us $38.00 and $57.00 for target low and target high price respectively. As such, CFG has been trading -83.28% off suggested target high and -22.19% from its likely low.

Citizens Financial Group Inc. (CFG) estimates and forecasts

Looking at statistics comparing Citizens Financial Group Inc. share performance against respective industry, we note that the company has outperformed competitors. Citizens Financial Group Inc. (CFG) shares are -17.53% down over the last 6 months, with its year-to-date growth rate higher than industry average at 22.68% against -1.40%. Revenue is forecast to grow 24.70% this quarter before jumping 83.60% for the next one. The rating firms project that company’s revenue will grow 11.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 12 analysts is $2.16 billion. Meanwhile, for the quarter ending Jun 2023, a total of 12 analyst(s) estimate revenue growth to $2.22 billion.Earnings reports from the last fiscal year show that sales brought in $1.65 billion and $2 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 31.50% before jumping 11.20% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 9.60% for the past 5-year period. While 2023 is set for a -20.50% return in earnings, projections for the next 5 years are at 0.85% annually.

CFG Dividends

Citizens Financial Group Inc. has its next earnings report out on April 19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Citizens Financial Group Inc. has a forward dividend ratio of 1.68, with the share yield ticking at 5.15% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Citizens Financial Group Inc. insiders hold 0.41% of total outstanding shares, with institutional holders owning 91.85% of the shares at 92.22% float percentage. In total, 91.85% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 57.76 million shares (or 11.73% of shares), all amounting to roughly $1.98 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 47.43 million shares, or about 9.63% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.63 billion.

We also have Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Citizens Financial Group Inc. (CFG) shares. Going by data provided on Dec 30, 2022, Washington Mutual Investors Fund holds roughly 17.67 million shares. This is just over 3.59% of the total shares, with a market valuation of $695.53 million. Data from the same date shows that the other fund manager holds a little less at 14.78 million, or 3.00% of the shares, all valued at about 507.7 million.

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