Everhart Financial Group Inc. Invests $447,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Everhart Financial Group Inc. acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,214 shares of the bank’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. acquired a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.8 %

NYSE CFG opened at $46.43 on Monday. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. 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 business’s fifty day simple moving average is $45.75 and its 200-day simple moving average is $43.74. The firm has a market cap of $20.46 billion, a PE ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly 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. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analysts Set New Price Targets

CFG has been the topic of a number of research analyst reports. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Piper Sandler raised their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.