Citizens Financial Group stock hits 52-week high at 54.63 USD

Citizens Financial Group Inc (CFG) stock reached a new 52-week high, peaking at 54.63 USD. According to InvestingPro data, the stock has shown remarkable momentum with a 60.21% surge over the past six months, while maintaining a consistent dividend payment track record of 12 consecutive years. This milestone underscores a significant upward trend for the financial services company, which has experienced a notable 33.67% increase in its stock value over the past year. The rise to this 52-week high reflects growing investor confidence and positive market sentiment surrounding Citizens Financial Group, as it continues to navigate the financial sector’s evolving landscape. Trading at a P/E ratio of 16.34 and offering a dividend yield of 3.12%, the company appears positioned for continued growth. This achievement marks a pivotal moment for the company as it seeks to maintain momentum and capitalize on favorable market conditions. InvestingPro analysis suggests the stock may still be undervalued, with additional insights available in the comprehensive Pro Research Report, which covers over 1,400 US stocks.

In other recent news, Citizens Financial Group announced it will redeem its 4.3% Fixed-Rate Subordinated Notes due December 3, 2025, ahead of schedule on November 3, 2025. The redemption will be made at 100% of the principal amount, plus any accrued interest. Morgan Stanley upgraded Citizens Financial Group’s stock rating from Equalweight to Overweight, raising its price target to $71.00, citing the bank’s strong profitability improvement potential. Truist Securities also adjusted its price target for Citizens Financial Group to $58.00 from $52.00, maintaining a Hold rating while keeping earnings estimates unchanged for 2025 and 2026. Additionally, Citizens Financial Group announced a reduction in its prime lending rate to 7.25% from 7.50%, impacting various consumer and commercial lending products. The company also committed to investing $20 million in workforce development programs over the next three years, targeting nonprofits that enhance educational and career opportunities. These developments reflect Citizens Financial Group’s strategic moves to strengthen its financial position and community impact.

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