Citizens Financial Group Inc (NYSE:CFG) has a beta value of 1.36 and has seen 8.24 million shares traded in the last trading session. The company, currently valued at $16.02B, closed the last trade at $34.94 per share which meant it gained $0.96 on the day or 2.83% during that session. The CFG stock price is -4.12% off its 52-week high price of $36.38 and 34.83% above the 52-week low of $22.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.62 million shares traded. The 3-month trading volume is 6.02 million shares.
Citizens Financial Group Inc (NYSE:CFG) trade information
Sporting 2.83% in the green in last session, the stock has traded in the red over the last five days, when the CFG stock price touched $34.94 or saw a rise of 1.94%. Year-to-date, Citizens Financial Group Inc shares have moved 5.43%, while the 5-day performance has seen it change -1.96%. Over the past 30 days, the shares of Citizens Financial Group Inc (NYSE:CFG) have changed 3.10%. Short interest in the company has seen 20.0 million shares shorted with days to cover at 3.17.
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 35.48% over the past 6 months, with this year growth rate of 6.07%, compared to -12.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -27.00% and -15.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.20%.
16 analysts offering their estimates for the company have set an average revenue estimate of $1.96 billion for the current quarter. 15 have an estimated revenue figure of $1.95 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $2.13 billion and $2.09 billion respectively for this quarter and the next, and analysts expect sales will shrink by -8.00% for the current quarter and -6.80% 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 -2.34% over the past 5 years. Earnings growth for 2024 is a modest 2.44% 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 17 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 4.81%. The company’s dividend yield has gone up over the past 12 months.
Citizens Financial Group Inc (NYSE:CFG)’s Major holders
Insiders own 0.65% of the company shares, while shares held by institutions stand at 97.41% with a share float percentage of 98.05%. Investors are also buoyed by the number of investors in a company, with Citizens Financial Group Inc having a total of 989 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 60.39 million shares worth more than $1.58 billion. As of Jun 29, 2023, Blackrock Inc. held 12.79% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 56.74 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.48 billion and represent 12.01% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Washington Mutual Investors Fund. As of Jun 29, 2023, the former fund manager holds about 3.04% shares in the company for having 14.35 million shares of worth $374.35 million while later fund manager owns 13.81 million shares of worth $369.99 million as of Sep 29, 2023, which makes it owner of about 2.92% of company’s outstanding stock.
