Everhart Financial Group Inc. Acquires New Position in Citizens Financial Group, Inc. (NYSE:CFG)

Everhart Financial Group Inc. purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,214 shares of the bank's stock, valued at approximately $447,000.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after buying an additional 5,579,313 shares during the last quarter. State Street Corp boosted its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Citizens Financial Group by 85.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank's stock worth $83,933,000 after acquiring an additional 942,662 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after acquiring an additional 894,322 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Citizens Financial Group by 124.8% during the third quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after acquiring an additional 838,917 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock traded down $1.18 on Thursday, reaching $46.21. The company's stock had a trading volume of 3,970,027 shares, compared to its average volume of 3,794,170. Citizens Financial Group, Inc. has a 52-week low of $30.30 and a 52-week high of $49.25. The company has a market capitalization of $20.20 billion, a P/E ratio of 15.25, a PEG ratio of 0.82 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 stock has a 50-day moving average price of $45.79 and a 200-day moving average price of $43.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CFG shares. Raymond James reissued a "strong-buy" rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Citigroup lifted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Stephens reissued an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Finally, Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

About Citizens Financial Group

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.