Majedie Asset Management Ltd Lowers stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Majedie Asset Management Ltd reduced its stake in Citizens Financial Group Inc by 69.35% during the most recent quarter end. The investment management company now holds a total of 1,619,470 shares of Citizens Financial Group Inc which is valued at $37,685,067 after selling 3,665,013 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Citizens Financial Group Inc makes up approximately 5.92% of Majedie Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in CFG by selling 66,867 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 5,599,670 shares of CFG which is valued at $130,304,321. Citizens Financial Group Inc makes up approx 0.33% of Citadel Advisors’s portfolio.Comerica Bank reduced its stake in CFG by selling 771 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 128,480 shares of CFG which is valued at $2,989,730. Citizens Financial Group Inc makes up approx 0.03% of Comerica Bank’s portfolio.Md Sass Investors Services Inc reduced its stake in CFG by selling 1,826,372 shares or 92.02% in the most recent quarter. The Hedge Fund company now holds 158,300 shares of CFG which is valued at $3,683,641. Citizens Financial Group Inc makes up approx 0.19% of Md Sass Investors Services Inc’s portfolio.Advisors Asset Management boosted its stake in CFG in the latest quarter, The investment management firm added 2,417 additional shares and now holds a total of 4,276 shares of Citizens Financial Group Inc which is valued at $100,058.Louisiana State Employees Retirement System reduced its stake in CFG by selling 600 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 34,700 shares of CFG which is valued at $783,526. Citizens Financial Group Inc makes up approx 0.04% of Louisiana State Employees Retirement System’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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