Reinhart Partners buys $26,675,105 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Reinhart Partners scooped up 15,540 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 Apr 18, 2016. The investment management firm now holds a total of 1,129,344 shares of Citizens Financial Group Inc which is valued at $26,675,105.Citizens Financial Group Inc makes up approximately 2.68% of Reinhart Partners’s portfolio.

Citizens Financial Group Inc opened for trading at $23.62 and hit $23.77 on the upside on Friday, eventually ending the session at $23.62, with a gain of 0.38% or 0.09 points. The heightened volatility saw the trading volume jump to 51,80,593 shares. Company has a market cap of $12,467 M.

Other Hedge Funds, Including , New York State Teachers Retirement System added CFG to its portfolio by purchasing 774,104 company shares during the most recent quarter which is valued at $18,284,336. Citizens Financial Group Inc makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Acadian Asset Management boosted its stake in CFG in the latest quarter, The investment management firm added 1,786 additional shares and now holds a total of 5,965 shares of Citizens Financial Group Inc which is valued at $134,511.Quotient Investors reduced its stake in CFG by selling 38 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 13,536 shares of CFG which is valued at $305,237. Citizens Financial Group Inc makes up approx 0.11% of Quotient Investors’s portfolio.Dnb Asset Management As boosted its stake in CFG in the latest quarter, The investment management firm added 48,800 additional shares and now holds a total of 72,677 shares of Citizens Financial Group Inc which is valued at $1,638,866. Citizens Financial Group Inc makes up approx 0.03% of Dnb Asset Management As’s portfolio. Capstone Asset Management Co added CFG to its portfolio by purchasing 17,160 company shares during the most recent quarter which is valued at $386,958. Citizens Financial Group Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Citizens Financial Group Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1234.00 million for the quarter, compared to analysts expectations of $1226.95 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Citizens Financial Group Inc. Shares were Reiterated by Compass Point on Jan 26, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $33 .Shares were Reiterated by Oppenheimer on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 27 from a previous price target of $30 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 25 from a previous price target of $27 .

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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