Evergreen Capital Management LLC Purchases 33,802 Shares of Citizens Financial Group, Inc. $CFG

Evergreen Capital Management LLC increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 338.4% in the 4th quarter, HoldingsChannel reports. The firm owned 43,792 shares of the bank’s stock after acquiring an additional 33,802 shares during the quarter. Evergreen Capital Management LLC’s holdings in Citizens Financial Group were worth $2,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Checchi Capital Advisers LLC bought a new stake in Citizens Financial Group during the fourth quarter worth about $211,000. Hennessy Advisors Inc. lifted its position in shares of Citizens Financial Group by 11.1% during the 4th quarter. Hennessy Advisors Inc. now owns 10,000 shares of the bank’s stock worth $584,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Citizens Financial Group by 230.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 347,427 shares of the bank’s stock worth $20,293,000 after buying an additional 242,275 shares during the last quarter. Fortis Capital Advisors LLC lifted its position in shares of Citizens Financial Group by 34.7% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,199 shares of the bank’s stock worth $713,000 after buying an additional 3,141 shares during the last quarter. Finally, Krilogy Financial LLC lifted its position in shares of Citizens Financial Group by 10.2% during the 4th quarter. Krilogy Financial LLC now owns 25,331 shares of the bank’s stock worth $1,584,000 after buying an additional 2,351 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of several recent analyst reports. DA Davidson upped their price objective on Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings upgraded Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $75.00 price target on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.86.

Citizens Financial Group Stock Down 0.2%

Shares of CFG opened at $65.17 on Thursday. Citizens Financial Group, Inc. has a 52 week low of $35.90 and a 52 week high of $68.79. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a fifty day moving average of $61.28 and a 200-day moving average of $58.34.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.18 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, April 30th. Citizens Financial Group’s payout ratio is 43.50%.

Insider Activity at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.