You might want to take a look at Citizens Financial Group Inc. (CFG) now

Citizens Financial Group Inc. (NYSE: CFG) stock fell -0.30% on Thursday to $26.85 against a previous-day closing price of $26.93. With 6.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.72 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $27.23 whereas the lowest price it dropped to was $26.56. The 52-week range on CFG shows that it touched its highest point at $44.82 and its lowest point at $23.37 during that stretch. It currently has a 1-year price target of $36.05. With its current market cap of 13.07 billion, CFG has annualized dividend of $1.68 while the current yield stands at 6.26%. Beta for the stock currently stands at 1.31.

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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 up-trending over the past week, with a rise of 1.94%, but this was down by -7.92% over a month. Three-month performance dropped to -35.90% while six-month performance fell -35.13%. The stock lost -30.64% in the past year, while it has lost -31.80% so far this year. A look at the trailing 12-month EPS for CFG yields 4.16 with Next year EPS estimates of 4.32. For the next quarter, that number is 1.07. This implies an EPS growth rate of -20.50% for this year and -0.80% for next year. EPS is expected to grow by 0.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.60%.

Float and Shares Shorts:

At present, 485.44 million CFG shares are outstanding with a float of 479.14 million shares on hand for trading. On May 14, 2023, short shares totaled 25.63 million, which was 5.30% higher than short shares on Apr 13, 2023. 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 94.05% of CFG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.41% of CFG, in contrast to 34.68% held by mutual funds. Shares owned by individuals account for 25.73%. As the largest shareholder in CFG with 11.56% of the stake, The Vanguard Group, Inc. holds 55,977,754 shares worth 55,977,754. A second-largest stockholder of CFG, BlackRock Fund Advisors, holds 32,189,547 shares, controlling over 6.65% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CFG, holding 25,577,041 shares or 5.28% stake. With a 3.43% stake in CFG, the Washington Mutual Investors Fund is the largest stakeholder. A total of 16,611,110 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.10% of CFG stock, is the second-largest Mutual Fund holder. It holds 14,998,071 shares valued at 464.04 million. Vanguard 500 Index Fund holds 2.39% of the stake in CFG, owning 11,559,436 shares worth 357.65 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CFG since 0 analysts follow the stock currently. 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 $52.00 and a low target of $28.00, the average target price over the next 12 months is $36.36. Based on these targets, CFG could surge 93.67% to reach the target high and rise by 4.28% to reach the target low. Reaching the average price target will result in a growth of 35.42% 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.

Summary of Insider Activity:

Insiders traded CFG stock several times over the past three months with 22 Buys and 19 Sells. In these transactions, 259,014 shares were bought while 206,894 shares were sold. The number of buy transactions has increased to 70 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 856,216 while 402,284 shares were sold.

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