Reinhart Partners buys $31,761,183 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Reinhart Partners scooped up 327,591 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 Jul 20, 2016. The investment management firm now holds a total of 1,456,935 shares of Citizens Financial Group Inc which is valued at $31,761,183.Citizens Financial Group Inc makes up approximately 3.06% of Reinhart Partners’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in CFG by selling 3,178 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 124,954 shares of CFG which is valued at $2,723,997. Citizens Financial Group Inc makes up approx 0.06% of Hartford Investment Management Co’s portfolio.River Mercantile Asset Management Llp boosted its stake in CFG in the latest quarter, The investment management firm added 91,900 additional shares and now holds a total of 219,041 shares of Citizens Financial Group Inc which is valued at $4,503,483. Citizens Financial Group Inc makes up approx 1.81% of River Mercantile Asset Management Llp’s portfolio.Gateway Investment Advisers reduced its stake in CFG by selling 481 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 37,162 shares of CFG which is valued at $764,051. Citizens Financial Group Inc makes up approx 0.01% of Gateway Investment Advisers’s portfolio. Central Bank Trust Co sold out all of its stake in CFG during the most recent quarter. The investment firm sold 246 shares of CFG which is valued $5,058.

Citizens Financial Group Inc opened for trading at $21.06 and hit $21.53 on the upside on Wednesday, eventually ending the session at $21.32, with a gain of 1.38% or 0.29 points. The heightened volatility saw the trading volume jump to 84,70,988 shares. Company has a market cap of $11,278 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.

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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