Citizens Financial Group Inc (CFG) : Majedie Asset Management Ltd reduced its stake in Citizens Financial Group Inc by 21.91% during the most recent quarter end. The investment management company now holds a total of 5,284,483 shares of Citizens Financial Group Inc which is valued at $113.1 Million after selling 1,482,547 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Citizens Financial Group Inc makes up approximately 16.52% of Majedie Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , New Mexico Educational Retirement Board added CFG to its portfolio by purchasing 58,400 company shares during the most recent quarter which is valued at $1.2 Million. Citizens Financial Group Inc makes up approx 0.06% of New Mexico Educational Retirement Board’s portfolio. Ipswich Investment Management added CFG to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $4,280.Blackrock Institutional Trust Company N.a. boosted its stake in CFG in the latest quarter, The investment management firm added 893,631 additional shares and now holds a total of 13,556,549 shares of Citizens Financial Group Inc which is valued at $290.1 Million. Citizens Financial Group Inc makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio. Wfg Advisors Lp added CFG to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $193. Airain Ltd added CFG to its portfolio by purchasing 15,052 company shares during the most recent quarter which is valued at $322,113. Citizens Financial Group Inc makes up approx 0.02% of Airain Ltd’s portfolio.
Citizens Financial Group Inc opened for trading at $22.99 and hit $23.41 on the upside on Friday, eventually ending the session at $22.98, with a gain of 0.35% or 0.08 points. The heightened volatility saw the trading volume jump to 39,33,631 shares. Company has a market cap of $12,155,960 M.
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. Citizens Financial Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 13, 2016.
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 Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).