Evergreen Capital Management LLC Acquires 448,616 Shares of Citizens Financial Group, Inc. $CFG

Evergreen Capital Management LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3,085.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 463,155 shares of the bank's stock after buying an additional 448,616 shares during the quarter. Evergreen Capital Management LLC owned 0.11% of Citizens Financial Group worth $29,531,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CFG. Mascoma Wealth Management LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $198,000. Canton Hathaway LLC grew its holdings in shares of Citizens Financial Group by 637.5% in the 3rd quarter. Canton Hathaway LLC now owns 5,384 shares of the bank's stock worth $343,000 after acquiring an additional 4,654 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Citizens Financial Group by 2,516.0% in the 3rd quarter. Manchester Capital Management LLC now owns 31,497 shares of the bank's stock worth $2,008,000 after acquiring an additional 30,293 shares during the last quarter. Barrett & Company Inc. raised its position in shares of Citizens Financial Group by 5,653.7% during the third quarter. Barrett & Company Inc. now owns 12,543 shares of the bank's stock worth $800,000 after purchasing an additional 12,325 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Citizens Financial Group by 58,724.5% during the third quarter. Farmers & Merchants Investments Inc. now owns 182,356 shares of the bank's stock worth $11,627,000 after purchasing an additional 182,046 shares during the period. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CFG shares. Citigroup reduced their target price on Citizens Financial Group from $84.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, October 20th. Truist Financial dropped their price target on Citizens Financial Group from $77.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, October 20th. Barclays lifted their price target on Citizens Financial Group from $77.00 to $81.00 and gave the stock an "overweight" rating in a research note on Friday, July 17th. Weiss Ratings restated a "buy (b)" rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.47.

Citizens Financial Group Stock Down 0.1%

Citizens Financial Group stock opened at $65.19 on Friday. The firm has a market cap of $27.46 billion, a PE ratio of 13.12, a P/E/G ratio of 0.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The firm's 50 day moving average price is $67.11 and its two-hundred day moving average price is $67.20. Citizens Financial Group, Inc. has a twelve month low of $49.00 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.34 billion. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, research analysts predict that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Citizens Financial Group's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 37.02%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.