What is DA Davidson’s Forecast for CFG FY2025 Earnings?

Citizens Financial Group, Inc. (NYSE:CFG) – Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for shares of Citizens Financial Group in a research note issued to investors on Monday, January 20th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $4.89 per share for the year, up from their previous estimate of $3.89. DA Davidson has a “Buy” rating and a $48.00 price objective on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.85 per share.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share.

Several other analysts have also issued reports on CFG. Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday. Stephens reissued an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Tuesday. Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Truist Financial upped their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Up 1.7 %

Shares of NYSE:CFG opened at $48.34 on Wednesday. The stock has a market capitalization of $21.30 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company’s 50-day moving average price is $45.66 and its two-hundred day moving average price is $42.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CFG. Wellington Management Group LLP grew its position in Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after buying an additional 5,579,313 shares in the last quarter. AQR Capital Management LLC raised its stake in Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. State Street Corp raised its stake in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Citizens Financial Group by 85.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after purchasing an additional 942,662 shares during the period. Finally, Bank of Montreal Can grew its stake in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is 55.45%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.