Citizens Financial Group Inc (NYSE:CFG)’s traded shares stood at 4.64 million during the last session, with the company’s beta value hitting 1.33. At the close of trading, the stock’s price was $41.51, to imply a decrease of -0.55% or -$0.23 in intraday trading. The CFG share’s 52-week high remains $44.39, putting it -6.94% down since that peak but still an impressive 45.15% since price per share fell to its 52-week low of $22.77. The company has a valuation of $18.61B, with an average of 5.6 million shares in intraday trading volume over the past 10 days and average of 5.13 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Citizens Financial Group Inc (CFG), translating to a mean rating of 2.05. Of 9 analyst(s) looking at the stock, 0 analyst(s) give CFG a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 6 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 0.83.
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Citizens Financial Group Inc (NYSE:CFG) trade information
After registering a -0.55% downside in the last session, Citizens Financial Group Inc (CFG) has traded red over the past five days. The 5-day price performance for the stock is -2.26%, and 2.44% over 30 days. With these gigs, the year-to-date price performance is 25.26%. Short interest in Citizens Financial Group Inc (NYSE:CFG) saw shorts transact 14.27 million shares and set a 2.77 days time to cover.
The extremes give us $33 and $57 for target low and target high price respectively. As such, CFG has been trading -37.32% off suggested target high and 20.5% 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 18.09% up over the last 6 months, with its year-to-date growth rate higher than industry average at 1.92% against -9.40%. Revenue is forecast to grow 144.10% this quarter before jumping 18.50% for the next one. The rating firms project that company’s revenue will shrink -5.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 1.96B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 1.95B.Earnings reports from the last fiscal year show that sales brought in 1.99B and 1.96B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.20% before dropping -0.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -2.34% for the past 5-year period. While 2024 is set for a -2.91% return in earnings, projections for the next 5 years are at 8.22% annually.
CFG Dividends
Citizens Financial Group Inc has its next earnings report out on 2025-Jan-17. 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 4.05% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.59%.
Citizens Financial Group Inc (NYSE:CFG)’s Major holders
Citizens Financial Group Inc insiders hold 0.68% of total outstanding shares, with institutional holders owning 97.45% of the shares at 98.11% float percentage. In total, 97.45% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 55.36 million shares (or 12.0003% of shares), all amounting to roughly $1.99 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 52.29 million shares, or about 11.3348% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.88 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 Sep 30, 2024 , Washington Mutual Investors Fund holds roughly 18.42 shares. This is just over 4.14% of the total shares, with a market valuation of $764.82 million. Data from the same date shows that the other fund manager holds a little less at 13.59, or 3.05% of the shares, all valued at about 563.99 million.
