North Run Capital Lp Lowers stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : North Run Capital Lp reduced its stake in Citizens Financial Group Inc by 27.87% during the most recent quarter end. The investment management company now holds a total of 2,200,000 shares of Citizens Financial Group Inc which is valued at $47.1 Million after selling 850,000 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Citizens Financial Group Inc makes up approximately 6.40% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Mariner Wealth Advisors boosted its stake in CFG in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 10,377 shares of Citizens Financial Group Inc which is valued at $222,068. Citizens Financial Group Inc makes up approx 0.01% of Mariner Wealth Advisors’s portfolio.Sg Americas Securities reduced its stake in CFG by selling 38,822 shares or 66.02% in the most recent quarter. The Hedge Fund company now holds 19,985 shares of CFG which is valued at $427,679.Keybank National Associationoh boosted its stake in CFG in the latest quarter, The investment management firm added 58,382 additional shares and now holds a total of 197,024 shares of Citizens Financial Group Inc which is valued at $4.2 Million. Citizens Financial Group Inc makes up approx 0.03% of Keybank National Associationoh’s portfolio. Summit Securities Group added CFG to its portfolio by purchasing 9,700 company shares during the most recent quarter which is valued at $207,580. Citizens Financial Group Inc makes up approx 0.15% of Summit Securities Group’s portfolio. Eos Focused Equity Management sold out all of its stake in CFG during the most recent quarter. The investment firm sold 240,402 shares of CFG which is valued $5.1 Million.

Citizens Financial Group Inc opened for trading at $23.4 and hit $23.855 on the upside on Wednesday, eventually ending the session at $23.69, with a gain of 1.89% or 0.44 points. The heightened volatility saw the trading volume jump to 67,71,547 shares. Company has a market cap of $12,532 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 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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