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National Bank Financial Analysts Lift Earnings Estimates for TMX Group Limited (TSE:X)

National Bank Financial Analysts Lift Earnings Estimates for TMX Group Limited (TSE:X)

TMX Group Minimal (TSE:X – Get Ranking) – Equities researchers at Countrywide Bank Money upped their FY2023 EPS estimates for shares of TMX Team in a analysis observe issued on Tuesday, May 2nd. Countrywide Financial institution Money analyst J. Gloyn now forecasts that the company will write-up earnings of $7.54 per share for the calendar year, up from their preceding forecast of $7.51. The consensus estimate for TMX Group’s current total-calendar year earnings is $7.61 for each share.

A quantity of other research companies also not long ago issued studies on X. BMO Money Marketplaces lifted their selling price target on shares of TMX Team from C$155.00 to C$158.00 in a investigate report on Wednesday. Countrywide Bankshares increased their target value on TMX Group from C$148.00 to C$152.00 and gave the corporation a “sector conduct” rating in a report on Tuesday. Deutsche Lender Aktiengesellschaft slash their cost goal on TMX Team from C$145.00 to C$143.00 in a report on Wednesday, February 8th. TD Securities greater their price aim on TMX Team from C$145.00 to C$150.00 and gave the organization a “maintain” score in a exploration be aware on Wednesday. Finally, Scotiabank boosted their target price tag on shares of TMX Team from C$159.00 to C$161.00 in a investigation take note on Thursday.

TMX Group Inventory General performance

Shares of X opened at C$139.70 on Friday. TMX Group has a 1 12 months very low of C$123.03 and a 1 12 months large of C$142.92. The inventory has a marketplace capitalization of C$7.78 billion, a P/E ratio of 14.21, a P/E/G ratio of 12.65 and a beta of .55. The enterprise has a debt-to-equity ratio of 26.38, a brief ratio of .01 and a recent ratio of 1.00. The firm’s fifty working day relocating ordinary is C$135.96 and its two-hundred working day moving common is C$135.29.

TMX Group (TSE:X – Get Ranking) previous issued its earnings results on Monday, February 6th. The enterprise reported C$1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.73 by C$.01. The company experienced profits of C$274.10 million in the course of the quarter, as opposed to analyst estimates of C$280.68 million.

TMX Team Dividend Announcement

The organization also not long ago introduced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of report on Friday, June 2nd will be compensated a dividend of $.87 for each share. The ex-dividend date is Thursday, May perhaps 18th. This signifies a $3.48 annualized dividend and a dividend produce of 2.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. TMX Group’s dividend payout ratio is presently 35.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

TMX Team Business Profile

(Get Rating)

TMX Team Minimal operates exchanges, markets, and clearinghouses mainly for funds marketplaces in Canada and internationally. The company operates by way of 4 segments: Worldwide Remedies, Insights & Analytics Capital Development Derivatives Investing and Clearing and Equities and Set Cash flow Trading & Clearing.

Further Looking at

This immediate information notify was produced by narrative science engineering and financial data from MarketBeat in order to supply visitors with the swiftest and most precise reporting. This tale was reviewed by MarketBeat’s editorial group prior to publication. Make sure you send any thoughts or comments about this story to contact@marketbeat.com.

Just before you look at TMX Group, you will want to hear this.

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While TMX Group presently has a “Maintain” score among analysts, top-rated analysts consider these 5 stocks are much better purchases.

View The 5 Stocks In this article

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Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Flowserve Co. (NYSE:FLS – Get Rating) – Analysts at Jefferies Financial Group boosted their FY2023 earnings per share (EPS) estimates for shares of Flowserve in a research note issued to investors on Thursday, April 20th. Jefferies Financial Group analyst S. Boroditsky now forecasts that the industrial products company will post earnings per share of $1.70 for the year, up from their previous forecast of $1.66. The consensus estimate for Flowserve’s current full-year earnings is $1.68 per share. Jefferies Financial Group also issued estimates for Flowserve’s Q4 2023 earnings at $0.65 EPS, FY2024 earnings at $2.01 EPS and FY2025 earnings at $2.37 EPS.

Flowserve (NYSE:FLS – Get Rating) last posted its earnings results on Wednesday, February 22nd. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.43 by $0.20. Flowserve had a return on equity of 8.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 5.22{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.45 EPS. Flowserve’s revenue was up 13.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Flowserve in a research note on Thursday, February 23rd. Morgan Stanley upped their target price on Flowserve from $31.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 23rd. StockNews.com started coverage on Flowserve in a report on Thursday, March 16th. They set a “buy” rating on the stock. Bank of America upgraded Flowserve from a “neutral” rating to a “buy” rating and upped their target price for the stock from $33.00 to $40.00 in a report on Monday, January 30th. They noted that the move was a valuation call. Finally, TheStreet raised Flowserve from a “c” rating to a “b” rating in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.56.

Flowserve Stock Down 0.9 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE FLS opened at $33.27 on Friday. The stock has a fifty day moving average of $33.53 and a 200-day moving average of $31.53. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. Flowserve has a 52 week low of $23.89 and a 52 week high of $37.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.97.

Hedge Funds Weigh In On Flowserve

Several institutional investors and hedge funds have recently made changes to their positions in FLS. Envestnet Asset Management Inc. acquired a new position in shares of Flowserve in the first quarter valued at approximately $208,000. Raymond James & Associates grew its position in shares of Flowserve by 70.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Raymond James & Associates now owns 113,597 shares of the industrial products company’s stock valued at $4,078,000 after purchasing an additional 47,032 shares during the last quarter. American Century Companies Inc. grew its position in shares of Flowserve by 15.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. American Century Companies Inc. now owns 14,896 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 1,950 shares during the last quarter. US Bancorp DE grew its position in shares of Flowserve by 11.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. US Bancorp DE now owns 8,139 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 807 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Flowserve by 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Bank of Montreal Can now owns 159,979 shares of the industrial products company’s stock valued at $5,667,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 99.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Friday, March 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Thursday, March 23rd. Flowserve’s payout ratio is 55.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Flowserve Company Profile

(Get Rating)

Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through Flowserve Pumps Division and Flow Control Division segments. The Flowserve Pumps Division provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts, and related services.

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Earnings History and Estimates for Flowserve (NYSE:FLS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Flowserve, you’ll want to hear this.

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While Flowserve currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Morgan Stanley beats estimates as wealth management shines

Morgan Stanley beats estimates as wealth management shines

April 19 (Reuters) – Morgan Stanley’s (MS.N) gain conquer expectations as wealth administration earnings climbed in the initial quarter, offsetting slumps in investment decision banking and investing earnings.

The bank earned $1.70 for each share, beating analysts’ ordinary estimate of $1.62 per share, in accordance to Refinitiv information. Its inventory edged .5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} greater to $90.34 in afternoon trading.

The Wall Street powerhouse set aside $234 million in the quarter to address souring financial loans, rising from $57 million a calendar year ago, as it braced for a economic downturn and weak point in the business true estate sector. The provisions were connected to a handful of loans.

“We are not in a banking crisis, but we have experienced, and may well however have, a crisis between some financial institutions,” Morgan Stanley CEO James Gorman explained to analysts on a meeting contact following the success ended up introduced. The turmoil triggered by the collapse of two creditors in March was not “remotely comparable” to the 2008 mortgage loan crash, he stated.

Morgan Stanley joined other U.S. banking behemoths, such as JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Citigroup Inc (C.N) and Wells Fargo & Co (WFC.N), in reporting gains that beat earnings forecasts in the first quarter. The loan providers raked more revenue thanks to increased desire prices and stayed resilient even with the marketplace tumult.

Morgan Stanley’s prosperity administration revenue jumped 11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $6.6 billion vs . a calendar year before. The division introduced in $110 billion in internet new belongings, of which only about $20 billion came from regional financial institutions after the March turbulence, Chief Economical Officer Sharon Yeshaya explained to Reuters in an interview.

Gorman, known for a string of transformational discounts, explained Morgan Stanley will carry on to make acquisitions in prosperity and asset management, but stated a transaction was not imminent.

The decrease in financial commitment banking exercise dragged whole profits down approximately 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $14.5 billion in the quarter.

Investment banking revenue was greater than anticipated, but still minimal, Oppenheimer analyst Chris Kotowski wrote in a notice to purchasers.

“While the essential expenditure banking and asset management charge lines are less than tension offered the ecosystem, a 16.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} return on tangible fairness is a quite respectable effectiveness,” Kotowski wrote.

Wall Street’s financial investment banking institutions have experienced the most from a downturn in mergers and acquisitions as buyers grew a lot more careful about risky marketplaces and speedily rising curiosity premiums. First community choices slowed to a virtual standstill as startups set off marketplace debuts till trader sentiment increases.

World-wide mergers and acquisitions activity shrank to its lowest amount in much more than a ten years in the first quarter of 2023, with volumes slumping 48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $575.1 billion as of March 30, in contrast to a year earlier, according to knowledge from Dealogic.

Stock trading profits sank 14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $2.7 billion as fairness markets fell, while set profits profits declined 12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $2.5 billion.

“The outlook for the remainder of this calendar year is challenging to forecast,” Yeshaya said. “We are keenly conscious that opening and operating markets and economic steadiness are integral in aiding self-assurance transferring ahead.”

Gorman anticipated the Federal Reserve to raise interest costs a single or two additional occasions to a range of 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. “If we get by means of that, quite a few people today are contacting for a modest recession,” placing a more constructive tone for an overall economy restoration, he said.

The CEO cited dangers weakness in professional authentic estate, geopolitical pressure, banking sector stress and uneven economic expansion around the world.

“It kind of reminds me of the Rolling Stones track, you can not always get what you want, but you get what you require,” he reported.

Rival Goldman Sachs Group Inc (GS.N) also documented a slump in its investment decision banking unit as dealmaking and bond investing slumped and it misplaced money on the sale of some property in its client company.

In the meantime, banking giants JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N) and Citigroup Inc (C.N) reaped windfalls from bigger desire payments, although location aside billions of bucks to put together for a worsening economic system.

Business True ESTATE A Worry

Some of the largest U.S. banking companies also singled out business office professional genuine estate final week as an space of growing worry, with property values falling and far more debtors defaulting on their loans amid rising desire costs and a slowing economic climate.

Although financial commitment banking institutions like Morgan Stanley and Goldman stay reasonably insulated from the broader contagion problems of the crisis, the uncertainty has weighed on the financial outlook, which is critical for dealmaking.

Financial gain relevant to the bank’s prevalent shareholders for the a few months ended Mar. 31 fell 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $2.8 billion.

“Morgan Stanley reported an additional wholesome quarter benefiting from a diverse business design” after yrs of acquisitions, Fadi Massih, a senior analyst at Moody’s Buyers Assistance, wrote in a take note. Security in prosperity management offset subdued investment decision banking, he wrote.

Reporting by Manya Saini and Niket Nishant in Bengaluru and Tatiana Bautzer in New York Enhancing by Arun Koyyur

Our Benchmarks: The Thomson Reuters Believe in Principles.

Manya Saini

Thomson Reuters

Manya Saini reports on outstanding publicly detailed U.S. fiscal corporations including Wall Street’s major banking companies, card firms, asset professionals and fintechs. Also covers preliminary general public choices on U.S. exchanges as effectively as news and regulatory developments in the cryptocurrency business.

Call: 9958867986

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Capital One Financial Analysts Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)

Capital One Financial Analysts Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Sources, Inc. (NYSE:GRNT – Get Rating) – Inventory analysts at Funds 1 Money lifted their Q4 2023 earnings for each share estimates for shares of Granite Ridge Means in a investigate report issued to purchasers and investors on Monday, April 10th. Cash A person Fiscal analyst P. Johnston now expects that the organization will write-up earnings of $.36 for each share for the quarter, up from their prior estimate of $.31. The consensus estimate for Granite Ridge Resources’ recent comprehensive-calendar year earnings is $1.14 for each share.

Granite Ridge Resources Stock Down .8 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of GRNT opened at $6.11 on Wednesday. The business has a fifty working day easy transferring average of $6.09. Granite Ridge Methods has a 52-week small of $4.82 and a 52-7 days substantial of $14.00.

Institutional Buyers Weigh In On Granite Ridge Resources

Institutional investors and hedge resources have lately built modifications to their positions in the corporation. Geode Funds Administration LLC acquired a new stake in shares of Granite Ridge Means in the course of the fourth quarter worth $953,000. Charles Schwab Investment decision Management Inc. acquired a new stake in shares of Granite Ridge Sources through the fourth quarter really worth $684,000. Howard Money Companies LTD. purchased a new stake in shares of Granite Ridge Methods through the very first quarter really worth $242,000. Avalon Expense & Advisory acquired a new stake in shares of Granite Ridge Resources in the course of the fourth quarter worthy of $141,000. Last but not least, Hamilton Lane Advisors LLC acquired a new stake in shares of Granite Ridge Assets in the course of the fourth quarter really worth $15,509,000.

Granite Ridge Resources Announces Dividend

The enterprise also not too long ago introduced a quarterly dividend, which was paid out on Wednesday, March 15th. Stockholders of file on Wednesday, March 1st were supplied a dividend of $.11 for each share. The ex-dividend day of this dividend was Tuesday, February 28th. This represents a $.44 dividend on an annualized basis and a dividend yield of 7.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Granite Ridge Resources

(Get Rating)

Grey Rock Strength Management, LLC manages personal resources with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville engage in. It invests in oil and gas exploration and output. The corporation was previously recognised as Granite Ridge Sources, Inc The business is based in Dallas, Texas.

Further Examining

This fast news alert was generated by narrative science technology and monetary info from MarketBeat in order to deliver audience with the quickest and most accurate reporting. This story was reviewed by MarketBeat’s editorial workforce prior to publication. Remember to send any questions or comments about this tale to make contact with@marketbeat.com.

Prior to you consider Granite Ridge Methods, you can expect to want to hear this.

MarketBeat retains track of Wall Street’s major-rated and finest accomplishing research analysts and the stocks they advocate to their consumers on a each day basis. MarketBeat has identified the 5 shares that prime analysts are quietly whispering to their consumers to invest in now prior to the broader industry catches on… and Granite Ridge Resources was not on the checklist.

While Granite Ridge Sources now has a “hold” ranking among analysts, prime-rated analysts believe that these five stocks are much better purchases.

Look at The Five Shares In this article

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Wedbush Analysts Boost Earnings Estimates for Citizens Financial Group, Inc. (NYSE:CFG)

Wedbush Analysts Boost Earnings Estimates for Citizens Financial Group, Inc. (NYSE:CFG)

→ What’s At Stake In April is Shocking (From Vantage Point)pixel

Citizens Financial Group, Inc. (NYSE:CFG – Get Rating) – Research analysts at Wedbush lifted their Q1 2024 earnings per share (EPS) estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Wednesday, March 29th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.28 for the quarter, up from their prior estimate of $1.20. Wedbush has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $4.98 per share. Wedbush also issued estimates for Citizens Financial Group’s Q2 2024 earnings at $1.29 EPS, Q3 2024 earnings at $1.30 EPS, Q4 2024 earnings at $1.27 EPS and FY2024 earnings at $5.15 EPS.

Citizens Financial Group (NYSE:CFG – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The bank reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.05). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Citizens Financial Group had a net margin of 22.86{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 11.24{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

CFG has been the subject of several other research reports. Morgan Stanley raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, December 5th. DA Davidson initiated coverage on Citizens Financial Group in a report on Wednesday, December 21st. They issued a “buy” rating and a $47.00 target price on the stock. Citigroup raised their price target on shares of Citizens Financial Group from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Piper Sandler upped their price objective on shares of Citizens Financial Group from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Finally, StockNews.com assumed coverage on shares of Citizens Financial Group in a research note on Thursday, March 16th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Citizens Financial Group Trading Down 1.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE CFG opened at $30.77 on Friday. The firm’s 50 day moving average price is $38.99 and its two-hundred day moving average price is $38.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.92. Citizens Financial Group has a twelve month low of $28.79 and a twelve month high of $48.98. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 2.35 and a beta of 1.37.

Institutional Investors Weigh In On Citizens Financial Group

Several institutional investors have recently added to or reduced their stakes in CFG. Capital World Investors raised its stake in shares of Citizens Financial Group by 76.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock valued at $861,383,000 after purchasing an additional 8,203,831 shares during the period. Norges Bank acquired a new stake in Citizens Financial Group in the 4th quarter valued at approximately $192,928,000. Morgan Stanley lifted its stake in Citizens Financial Group by 18.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock valued at $720,392,000 after acquiring an additional 2,785,751 shares in the last quarter. Prudential Financial Inc. boosted its position in Citizens Financial Group by 444.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Prudential Financial Inc. now owns 2,852,267 shares of the bank’s stock worth $101,799,000 after acquiring an additional 2,328,251 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Citizens Financial Group by 899.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Eaton Vance Management now owns 2,319,890 shares of the bank’s stock worth $79,712,000 after acquiring an additional 2,087,841 shares during the last quarter. 88.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kevin Cummings sold 81,151 shares of Citizens Financial Group stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $44.40, for a total transaction of $3,603,104.40. Following the transaction, the director now owns 455,789 shares in the company, valued at approximately $20,237,031.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Citizens Financial Group announced that its Board of Directors has approved a share buyback program on Friday, February 17th that allows the company to repurchase $1.15 billion in outstanding shares. This repurchase authorization allows the bank to reacquire up to 5.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Monday, January 30th. Citizens Financial Group’s payout ratio is presently 41.18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Citizens Financial Group Company Profile

(Get Rating)

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

See Also

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Citizens Financial Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Citizens Financial Group wasn’t on the list.

While Citizens Financial Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover
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Capital One Financial Analysts Cut Earnings Estimates for Matador Resources (NYSE:MTDR)

Capital One Financial Analysts Cut Earnings Estimates for Matador Resources (NYSE:MTDR)

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Matador Resources (NYSE:MTDR – Get Rating) – Investment analysts at Capital One Financial lowered their Q1 2023 EPS estimates for Matador Resources in a research note issued on Monday, March 27th. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings per share of $1.26 for the quarter, down from their prior forecast of $1.36. The consensus estimate for Matador Resources’ current full-year earnings is $8.68 per share.

Matador Resources (NYSE:MTDR – Get Rating) last announced its earnings results on Wednesday, February 22nd. The energy company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13. Matador Resources had a net margin of 39.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 44.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $707.48 million during the quarter, compared to the consensus estimate of $651.11 million. During the same quarter last year, the firm earned $1.26 earnings per share.

MTDR has been the subject of a number of other research reports. Raymond James lowered their target price on shares of Matador Resources from $78.00 to $57.00 in a research note on Monday. KeyCorp reduced their price target on shares of Matador Resources from $73.00 to $67.00 in a report on Monday, February 27th. Truist Financial reduced their price target on shares of Matador Resources from $79.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $78.00 price target on shares of Matador Resources in a report on Thursday, February 23rd. Finally, Mizuho reduced their price target on shares of Matador Resources from $72.00 to $66.00 in a report on Friday, March 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $68.63.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $46.90 on Wednesday. Matador Resources has a twelve month low of $41.17 and a twelve month high of $73.78. The firm has a fifty day simple moving average of $56.74 and a 200 day simple moving average of $59.30. The company has a market capitalization of $5.58 billion, a PE ratio of 4.63 and a beta of 3.55. The company has a quick ratio of 1.83, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Monday, February 27th were issued a dividend of $0.15 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Friday, February 24th. Matador Resources’s dividend payout ratio (DPR) is currently 5.92{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $44.75 per share, for a total transaction of $89,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 173,468 shares of the company’s stock, valued at $7,762,693. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $44.75 per share, for a total transaction of $89,500.00. Following the completion of the acquisition, the chief executive officer now owns 173,468 shares in the company, valued at $7,762,693. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy E. Parker purchased 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average price of $43.52 per share, for a total transaction of $195,840.00. Following the completion of the acquisition, the director now owns 71,636 shares of the company’s stock, valued at approximately $3,117,598.72. The disclosure for this purchase can be found here. Insiders acquired 10,300 shares of company stock worth $465,035 over the last three months. 5.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Fifth Third Bancorp grew its position in shares of Matador Resources by 104.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Fifth Third Bancorp now owns 677 shares of the energy company’s stock valued at $33,000 after acquiring an additional 346 shares during the period. Money Concepts Capital Corp grew its holdings in Matador Resources by 202.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after purchasing an additional 462 shares during the period. Rockefeller Capital Management L.P. increased its position in Matador Resources by 46.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after buying an additional 242 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Matador Resources by 144.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the energy company’s stock worth $55,000 after buying an additional 661 shares during the last quarter. Finally, FourThought Financial LLC increased its position in Matador Resources by 79.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. FourThought Financial LLC now owns 1,133 shares of the energy company’s stock worth $55,000 after buying an additional 501 shares during the last quarter. 87.00{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by hedge funds and other institutional investors.

About Matador Resources

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Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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