Citigroup Reiterates Buy Rating on Citizens Financial Group
Citigroup has reiterated its buy rating on Citizens Financial Group with a price target of $78, a 10.39% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on Citizens Financial Group (CFG) with a price target of $78 on June 23, 2026.
- Citigroup's $78 price target implies 10.39% upside from Citizens Financial Group, Inc.'s ($CFG) current $70.66 share price.
- Shares of CFG traded at $67.99 on Tuesday, with a market cap of $28.75 billion and a P/E ratio of 16.11.
- Insider Richard Stein sold 4,913 shares on June 15, 2026, while several insiders made small purchases in May.
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Citigroup has reiterated its buy rating on Citizens Financial Group, Inc. (NYSE: CFG) with a price target of $78. Analyst Keith Horowitz made this call on June 23, 2026, maintaining a positive outlook on the regional bank.
Citigroup vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in Citizens Financial Group
BlackRock, Inc. grew its holdings in Citizens Financial Group by 1,119,192 shares, ending with 46,700,087 shares valued at about $2.80 billion. Capital World Investors reduced its stake by 8,982,654 shares, bringing its total to 27,904,054 shares worth approximately $1.67 billion. Vanguard Capital Management LLC opened a new position with 26,864,839 shares, valued at around $1.61 billion. Invesco Ltd. added 192,653 shares, reaching a total of 22,926,809 shares valued at $1.37 billion. Meanwhile, State Street Corp reduced its holdings by 2,493,294 shares, leaving it with 20,262,332 shares worth about $1.22 billion.
Citizens Financial Group, Inc. Stock Up 1.4%
Shares of Citizens Financial Group traded near $67.99 on Tuesday. The company has a market cap of $28.75 billion and a P/E ratio of 16.11. Its forward P/E is 10.61, and it has a beta of 1.02. The stock's 52-week range is between $41.38 and $68.79, with a 50-day moving average of $64.03 and a 200-day moving average of $58.73.
$CFG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Citizens Financial Group reported revenue of $7.89 billion, with a revenue growth rate of 13.8%. The company's earnings per share (EPS) stand at $4.22, and it has a net margin of 25.05% with a return on equity (ROE) of 7.74%. The next earnings report is expected on July 16, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 2.8%. Revenue beat estimates by 38.6%.
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Profit surprise
Operating income missed by 15 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 5.5 points. Operating margin up 5.3 points. Positive free cash flow.
Earnings Call Summary
Citizens delivered strong first quarter results with earnings per share of one dollar and thirteen cents, beating expectations. The bank grew net interest margin to three point fourteen percent driven by loan growth and improved deposit costs. Management highlighted record capital markets fees, private bank deposits at sixteen point six billion dollars, and progress on the Reimagine the Bank program which is expected to deliver one hundred million dollars in pretax benefits this year.
Guidance Citizens reaffirmed its full year guidance. The company expects net interest income to grow three to four percent in the second quarter and projects net interest margin to reach three point twenty-two to three point twenty-eight percent by year-end. Management also raised its target return on equity from the mid-teens to sixteen to eighteen percent by end of 2027.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Citizens Financial Group pays an annual dividend rate of $1.84, yielding 2.74%. The dividend payout ratio is 41.71%.
Insider Buying and Selling at Citizens Financial Group, Inc.
On June 15, 2026, Chief Risk Officer Richard Stein sold 4,913 shares at an average price of $67.65. Earlier, on May 14, 2026, several insiders, including Robert Leary, Christopher Swift, Kevin Cummings, Edward Kelly III, and Michele Siekerka, made small purchases, each acquiring shares at no cost.
Analysts Set New Price Targets
On June 23, 2026, Citigroup maintained its buy rating for Citizens Financial Group with a $78 price target. Other analysts have also shown confidence, with firms like JP Morgan, Evercore ISI Group, DA Davidson, and RBC Capital maintaining buy ratings and setting targets ranging from $68.5 to $75. The consensus among analysts is a strong buy, with a mean target price of $72.91 based on 17 opinions.
About Citizens Financial Group
Citizens Financial Group, Inc. is a regional bank holding company headquartered in Providence, Rhode Island. It provides a wide range of financial services through its Consumer and Commercial Banking segments. The company offers products like deposit accounts, mortgages, credit cards, and wealth management services. It serves individuals, small businesses, and corporations across the United States. Led by CEO Bruce Winfield Van Saun, Citizens Financial Group employs approximately 17,380 people.
Bottom Line
Citigroup's reiterated buy rating with a $78 target price reflects confidence in Citizens Financial Group's prospects. Investors will be watching the upcoming earnings report on July 16, 2026, for further insights. As always, remember that analyst ratings are just one factor to consider, and past performance isn't a guarantee of future results.
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