Large Inflow of Money Witnessed in Citizens Financial Group

Citizens Financial Group (NYSE:CFG) : Wednesdays money flow data in Citizens Financial Group (NYSE:CFG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.43 million, whereas, $3.01 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.14, in favor of the bulls. The total money flow into the stock was $0.41 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.71 million. The total value of block trades done on upticks was $0.96 million. The value of bearish trades on downticks was only $0.25 million.The up/down ratio in the block trades was a healthy 3.9 in favor of the bulls, suggesting strong buying in the stock by large traders. Citizens Financial Group (NYSE:CFG) fell $0.04 and traded at $18.93, down -0.21% for the day, over previous days close. On a weekly basis, the shares are -5.11% over the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Citizens Financial Group Inc/Ri, Subramaniam Shivan S. had purchased shares worth of $104,550 in a transaction dated on March 8, 2016. A total of 5,000 shares were purchased at a price of $20.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 0.22% of Citizens Financial Group shares according to the proxy statements. Institutional Investors own 95.09% of Citizens Financial Group shares. During last six month period, the net percent change held by insiders has seen a change of 6.56%.

The company shares have dropped -30.87% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $28.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.21 and the 200 Day Moving Average price is recorded at $22.18. Citizens Financial Group (NYSE:CFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.25 and $18.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.52, notching a gain of 2.90% for the day. The total traded volume was 8,301,046 . The stock had closed at $18.97 on the previous day.

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 1,200 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).

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