Tradition Capital Management buys $2,693,942 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Tradition Capital Management scooped up 55,209 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 Aug 1, 2016. The investment management firm now holds a total of 119,944 shares of Citizens Financial Group Inc which is valued at $2,693,942.Citizens Financial Group Inc makes up approximately 0.88% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Tradelink Capital added CFG to its portfolio by purchasing 10,876 company shares during the most recent quarter which is valued at $244,275. Citizens Financial Group Inc makes up approx 1.13% of Tradelink Capital’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in CFG by selling 68,601 shares or 56.9% in the most recent quarter. The Hedge Fund company now holds 51,969 shares of CFG which is valued at $1,173,460. Citizens Financial Group Inc makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio. Parametrica Management Ltd added CFG to its portfolio by purchasing 18,685 company shares during the most recent quarter which is valued at $407,333. Citizens Financial Group Inc makes up approx 0.58% of Parametrica Management Ltd’s portfolio. Quantres Asset Management Ltd sold out all of its stake in CFG during the most recent quarter. The investment firm sold 24,700 shares of CFG which is valued $538,460.

Citizens Financial Group Inc opened for trading at $22.45 and hit $22.725 on the upside on Thursday, eventually ending the session at $22.61, with a gain of 0.67% or 0.15 points. The heightened volatility saw the trading volume jump to 59,01,696 shares. Company has a market cap of $11,960 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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