Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Citizens Financial Group (NYSE:CFG) with a Hold recommendation.
Analyst Price Forecast Suggests 14.93% Upside
As of December 23, 2024, the average one-year price target for Citizens Financial Group is $51.49/share. The forecasts range from a low of $43.03 to a high of $61.95. The average price target represents an increase of 14.93% from its latest reported closing price of $44.80 / share.
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The projected annual revenue for Citizens Financial Group is 9,645MM, an increase of 35.56%. The projected annual non-GAAP EPS is 6.15.
What is the Fund Sentiment?
There are 1,561 funds or institutions reporting positions in Citizens Financial Group. This is an increase of 83 owner(s) or 5.62% in the last quarter. Average portfolio weight of all funds dedicated to CFG is 0.23%, an increase of 5.19%. Total shares owned by institutions increased in the last three months by 3.64% to 526,426K shares. 
The put/call ratio of CFG is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 34,768K shares representing 7.89% ownership of the company. In its prior filing, the firm reported owning 13K shares , representing an increase of 99.96%. The firm increased its portfolio allocation in CFG by 295,078.61% over the last quarter.
Invesco holds 25,069K shares representing 5.69% ownership of the company. In its prior filing, the firm reported owning 22,082K shares , representing an increase of 11.91%. The firm decreased its portfolio allocation in CFG by 89.84% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 18,425K shares representing 4.18% ownership of the company. In its prior filing, the firm reported owning 11,526K shares , representing an increase of 37.44%. The firm increased its portfolio allocation in CFG by 55.31% over the last quarter.
Amundi holds 17,914K shares representing 4.06% ownership of the company. In its prior filing, the firm reported owning 17,989K shares , representing a decrease of 0.42%. The firm decreased its portfolio allocation in CFG by 94.61% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,490K shares representing 3.06% ownership of the company. In its prior filing, the firm reported owning 13,587K shares , representing a decrease of 0.72%. The firm increased its portfolio allocation in CFG by 6.30% over the last quarter.
Citizens Financial Group Background Information
(This description is provided by the company.)
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $179.2 billion in assets as of September 30, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.
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