Lord Abbett buys $266,944,597 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Lord Abbett scooped up 528,729 additional shares in Citizens Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 11,471,620 shares of Citizens Financial Group Inc which is valued at $266,944,597.Citizens Financial Group Inc makes up approximately 0.82% of Lord Abbett’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in CFG in the latest quarter, The investment management firm added 33,132 additional shares and now holds a total of 35,144 shares of Citizens Financial Group Inc which is valued at $817,801. Citizens Financial Group Inc makes up approx 0.07% of Group One Trading’s portfolio.Blackrock Advisors reduced its stake in CFG by selling 311,040 shares or 10.82% in the most recent quarter. The Hedge Fund company now holds 2,563,338 shares of CFG which is valued at $59,648,875. Citizens Financial Group Inc makes up approx 0.06% of Blackrock Advisors’s portfolio.Jupiter Asset Management Ltd boosted its stake in CFG in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 111,000 shares of Citizens Financial Group Inc which is valued at $2,582,970. Citizens Financial Group Inc makes up approx 0.10% of Jupiter Asset Management Ltd’s portfolio.Sound Shore Management Inc Ct reduced its stake in CFG by selling 3,792,846 shares or 58.54% in the most recent quarter. The Hedge Fund company now holds 2,686,752 shares of CFG which is valued at $62,843,129. Citizens Financial Group Inc makes up approx 1.09% of Sound Shore Management Inc Ct’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in CFG by selling 68,601 shares or 56.9% in the most recent quarter. The Hedge Fund company now holds 51,969 shares of CFG which is valued at $1,173,460. Citizens Financial Group Inc makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio.

Citizens Financial Group Inc opened for trading at $24.2 and hit $24.69 on the upside on Monday, eventually ending the session at $24.46, with a gain of 1.41% or 0.34 points. The heightened volatility saw the trading volume jump to 66,44,579 shares. Company has a market cap of $12,706 M.

On the company’s financial health, Citizens Financial Group Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.44. The company had revenue of $1278.00 million for the quarter, compared to analysts expectations of $1263.39 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Citizens Financial Group Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals institutions and companies. The Company operates approximately 1200 branches in an 11-state footprint across the New England Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Company’s banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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