Citizens Financial Group Inc (NYSE:CFG) – Analysts at Jefferies Group reduced their FY2017 EPS estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin now forecasts that the brokerage will post earnings of $2.05 per share for the year, down from their previous forecast of $2.10. Jefferies Group currently has a “Hold” rating and a $26.00 price target on the stock. The consensus estimate for Citizens Financial Group’s FY2017 earnings is $2.17 per share.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 22nd. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm earned $1.20 billion during the quarter. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Compass Point reduced their target price on Citizens Financial Group from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday. UBS AG restated a “buy” rating and issued a $27.00 target price (down previously from $28.00) on shares of Citizens Financial Group in a research note on Monday. Piper Jaffray restated an “overweight” rating and issued a $30.00 target price (down previously from $31.00) on shares of Citizens Financial Group in a research note on Monday. Finally, Oppenheimer reduced their target price on Citizens Financial Group from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $27.88.

Citizens Financial Group (NYSE:CFG) traded up 2.50% during midday trading on Tuesday, hitting $21.74. The company had a trading volume of 21,318,123 shares. The company has a 50 day moving average price of $24.52 and a 200 day moving average price of $24.97. The firm has a market capitalization of $11.47 billion and a P/E ratio of 14.03. Citizens Financial Group has a 1-year low of $19.73 and a 1-year high of $28.71.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 18th. Investors of record on Thursday, February 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, February 2nd.

In other Citizens Financial Group news, major shareholder Bank Of Scotland Group P. Royal sold 110,461,782 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $23.38, for a total value of $2,582,596,463.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Donald H. Mccree III bought 80,000 shares of the firm’s stock in a transaction on Thursday, November 12th. The stock was acquired at an average cost of $25.83 per share, for a total transaction of $2,066,400.00. Following the completion of the purchase, the insider now directly owns 80,000 shares in the company, valued at $2,066,400. The disclosure for this purchase can be found here.

Citizens Financial Group, Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates approximately 1,200 branches in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online, telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Company’s banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (NYSE:CFG) and Citizens Bank of Pennsylvania (CBPA).

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