Citizens Financial Group Inc. [NYSE: CFG] stock went on an upward path that rose over 0.76% on Monday, amounting to a one-week price decrease of less than -3.56%. The company report on April 5, 2023 that Citizens Announces $2 Million in Financial Empowerment Contributions to Nonprofits Across Footprint.
150 Nonprofits Receive Support through Citizens Helping Citizens Manage Money Program.
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Citizens announced today that 150 nonprofit organizations across the communities it serves will receive support through the bank’s Citizens Helping Citizens Manage Money program. Select nonprofits will receive a total of $2 million to support work in this critical area. The initiative helps strengthen communities by supporting programs, through direct funding as well as volunteerism, that give people the resources they need to be financially healthy and inspire them to pursue their goals.
Over the last 12 months, CFG stock dropped by -30.39%. The one-year Citizens Financial Group Inc. stock forecast points to a potential upside of 29.91. The average equity rating for CFG stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $13.97 billion, with 493.49 million shares outstanding and 482.52 million shares in the current float. Compared to the average trading volume of 6.35M shares, CFG stock reached a trading volume of 5504400 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Citizens Financial Group Inc. [CFG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CFG shares is $41.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CFG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 03, 2023. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on December 21, 2022, representing the official price target for Citizens Financial Group Inc. stock. Previously, the target price had yet another raise from $48 to $53, while Morgan Stanley kept a Overweight rating on CFG stock.
The Average True Range (ATR) for Citizens Financial Group Inc. is set at 1.41, with the Price to Sales ratio for CFG stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 24.52. Price to Free Cash Flow for CFG in the course of the last twelve months was 4.35.
CFG Stock Performance Analysis:
Citizens Financial Group Inc. [CFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.56. With this latest performance, CFG shares dropped by -18.07% in over the last four-week period, additionally sinking by -17.33% over the last 6 months – not to mention a drop of -30.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CFG stock in for the last two-week period is set at 32.72, with the RSI for the last a single of trading hit 34.02, and the three-weeks RSI is set at 32.94 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 37.43, while it was recorded at 29.27 for the last single week of trading, and 38.10 for the last 200 days.
Insight into Citizens Financial Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Citizens Financial Group Inc. [CFG] shares currently have an operating margin of +32.27. Citizens Financial Group Inc.’s Net Margin is presently recorded at +22.28.
Return on Total Capital for CFG is now 8.35, given the latest momentum, and Return on Invested Capital for the company is 6.03. Return on Equity for this stock inclined to 8.80, with Return on Assets sitting at 1.00. When it comes to the capital structure of this company, Citizens Financial Group Inc. [CFG] has a Total Debt to Total Equity ratio set at 71.57. Additionally, CFG Total Debt to Total Capital is recorded at 41.72, with Total Debt to Total Assets ending up at 7.48. Long-Term Debt to Equity for the company is recorded at 73.79, with the Long-Term Debt to Total Capital now at 39.35.
Reflecting on the efficiency of the workforce at the company, Citizens Financial Group Inc. [CFG] managed to generate an average of $109,746 per employee.
CFG Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citizens Financial Group Inc. go to 0.85%.
Citizens Financial Group Inc. [CFG] Insider Position Details
There are presently around $12,834 million, or 92.10% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 58,172,255, which is approximately 0.706% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 55,051,800 shares of the stock with an approximate value of $1.6 billion in CFG stocks shares; and STATE STREET CORP, currently with $736.49 million in CFG stock with ownership of nearly -2.891% of the company’s market capitalization.
Positions in Citizens Financial Group Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 395 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 29,408,100 shares. Additionally, 336 investors decreased positions by around 25,468,596 shares, while 106 investors held positions by with 386,614,873 shares. The mentioned changes placed institutional holdings at 441,491,569 shares, according to the latest SEC report filing. CFG stock had 113 new institutional investments in for a total of 3,837,172 shares, while 67 institutional investors sold positions of 2,183,167 shares during the same period.