Stocks of Citizens Financial Group Inc. (CFG) are poised to climb above their peers

Citizens Financial Group Inc. (NYSE: CFG) stock fell -0.87% on Friday to $36.49 against a previous-day closing price of $36.81. With 5.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.0 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $37.50 whereas the lowest price it dropped to was $36.38. The 52-week range on CFG shows that it touched its highest point at $57.00 and its lowest point at $34.35 during that stretch. It currently has a 1-year price target of $45.94. With its current market cap of 18.50 billion, CFG has annualized dividend of $1.68 while the current yield stands at 4.60%. Beta for the stock currently stands at 1.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CFG was down-trending over the past week, with a drop of -1.11%, but this was down by -4.23% over a month. Three-month performance surged to 0.39% while six-month performance fell -26.96%. The stock lost -12.70% in the past year, while it has lost -22.77% so far this year. A look at the trailing 12-month EPS for CFG yields 3.95 with Next year EPS estimates of 5.11. For the next quarter, that number is 1.23. This implies an EPS growth rate of 132.60% for this year and 23.35% for next year. EPS is expected to grow by 1.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.30%.

Float and Shares Shorts:

At present, 495.64 million CFG shares are outstanding with a float of 493.36 million shares on hand for trading. On Aug 30, 2022, short shares totaled 5.46 million, which was 1.10% higher than short shares on Jul 28, 2022. In addition to Mr. Bruce Winfield Van Saun as the firm’s CEO & Chairman, Mr. John F. Woods serves as its Vice Chairman & CFO.

Institutional Ownership:

Through their ownership of 91.60% of CFG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.76% of CFG, in contrast to 34.93% held by mutual funds. Shares owned by individuals account for 25.02%. As the largest shareholder in CFG with 11.14% of the stake, The Vanguard Group, Inc. holds 55,209,935 shares worth 55,209,935. A second-largest stockholder of CFG, Capital Research & Management Co, holds 31,644,032 shares, controlling over 6.38% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CFG, holding 29,282,448 shares or 5.91% stake. With a 4.36% stake in CFG, the Washington Mutual Investors Fund is the largest stakeholder. A total of 21,596,328 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.96% of CFG stock, is the second-largest Mutual Fund holder. It holds 14,678,957 shares valued at 538.42 million. Vanguard Mid Cap Index Fund holds 2.30% of the stake in CFG, owning 11,375,810 shares worth 417.26 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $364.00M net income for the quarter, which came to $1.84B over the last twelve months.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CFG since 21 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CFG analysts setting a high price target of $55.00 and a low target of $33.00, the average target price over the next 12 months is $45.84. Based on these targets, CFG could surge 50.73% to reach the target high and fall by -9.56% to reach the target low. Reaching the average price target will result in a growth of 25.62% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CFG will report FY 2022 earnings on 01/17/2023. Analysts have provided yearly estimates in a range of $4.69 being high and $3.98 being low. For CFG, this leads to a yearly average estimate of $4.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Citizens Financial Group Inc. surprised analysts by -$0.12 when it reported $0.67 EPS against a consensus estimate of $0.79. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $1.32 and the low estimate is $1.15. The average estimate for the next quarter is thus $1.23.

Summary of Insider Activity:

Insiders traded CFG stock several times over the past three months with 13 Buys and 0 Sells. In these transactions, 10,307 shares were bought while 0 shares were sold. The number of buy transactions has increased to 84 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 398,155 while 165,478 shares were sold.

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