Rating Worth Watching: KBW Reports Upgrade of Citizens Financial Group (NYSE:CFG) from “Mkt Perform” to “Outperform” Rating

November 30, 2016 - By Marie Mckinney

Rating Worth Watching:  KBW Reports Upgrade of Citizens Financial Group (NYSE:CFG) from

Citizens Financial Group (NYSE:CFG) Upgrade

In a research note issued today, KBW increased shares of Citizens Financial Group (NYSE:CFG) to a “Outperform” rating from “Mkt Perform” rating.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Out of 21 analysts covering Citizens Financial Group (NYSE:CFG), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. $33 is the highest target while $25 is the lowest. The $28.15 average target is -13.09% below today’s ($32.39) stock price. Citizens Financial Group has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by PiperJaffray given on Wednesday, November 16. The company was upgraded on Monday, October 12 by Citigroup. Zacks downgraded the stock to “Sell” rating in Thursday, September 3 report. The company was downgraded on Wednesday, November 16 by Piper Jaffray. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, January 25 report. The rating was maintained by Citigroup on Monday, June 6 with “Buy”. The firm earned “Buy” rating on Wednesday, September 30 by UBS. The firm earned “Outperform” rating on Monday, January 25 by Oppenheimer. The firm earned “Outperform” rating on Friday, May 13 by Wells Fargo. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, November 24.

The stock increased 1.92% or $0.61 during the last trading session, hitting $32.39. Citizens Financial Group Inc (NYSE:CFG) has risen 37.13% since April 27, 2016 and is uptrending. It has outperformed by 31.90% the S&P500.

Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 earnings per share, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $260.56 million for 15.57 P/E if the $0.52 EPS becomes a reality. After $0.52 actual earnings per share reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.64, from 1.66 in 2016Q1. The ratio fall, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.

Profund Limited Com has 17,413 shares for 0.02% of their US portfolio. Arrowpoint Asset Ltd Liability Company has 624,504 shares for 0.25% of their US portfolio. Pacad Ltd has invested 0.27% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Olstein Cap L P holds 1.53% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 566,290 shares. Daiwa Securities Grp Inc Inc has 0.01% invested in the company for 47,856 shares. Trust Com Of Vermont has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Zwj Counsel reported 128,549 shares or 0.26% of all its holdings. Waterstone Capital Mngmt Lp has 116,900 shares for 1.11% of their US portfolio. Moreover, Robeco Institutional Asset Bv has 0% invested in Citizens Financial Group Inc (NYSE:CFG) for 20,493 shares. Bailard last reported 55,227 shares in the company. Adage Capital Partners Grp Inc Ltd Liability Corp, a Massachusetts-based fund reported 824,300 shares. Capstone Asset Mngmt last reported 0.01% of its portfolio in the stock. Vanguard Gru Incorporated has invested 0.06% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Amalgamated Comml Bank reported 34,055 shares or 0.05% of all its holdings. Hbk Invests Limited Partnership has 0.06% invested in the company for 387,632 shares.

Citizens Financial Group, Inc. is a retail bank holding firm in the United States. The company has a market cap of $16.23 billion. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. It has a 17.62 P/E ratio. The Firm operates in two divisions: Consumer Banking and Commercial Banking.

According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”

CFG Company Profile

Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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