Everhart Financial Group Inc. Purchases New Shares in Citizens Financial Group, Inc. (NYSE:CFG)

Everhart Financial Group Inc. acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,214 shares of the bank’s stock, valued at approximately $447,000.

Other hedge funds have also bought and sold shares of the company. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter valued at $25,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the third quarter valued at $28,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $46.43 on Monday. The firm has a market capitalization of $20.46 billion, a P/E ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $45.75 and a 200 day moving average price of $43.74. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.85 EPS. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analyst Weigh In

CFG has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Barclays upped their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Citigroup upped their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Stephens restated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Raymond James restated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.