Kingstown Capital Management buys $75,627,500 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Kingstown Capital Management scooped up 250,000 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 15, 2016. The investment management firm now holds a total of 3,250,000 shares of Citizens Financial Group Inc which is valued at $75,627,500.Citizens Financial Group Inc makes up approximately 7.58% of Kingstown Capital Management’s portfolio.

Other Hedge Funds, Including , Schonfeld Strategic Advisors added CFG to its portfolio by purchasing 125,011 company shares during the most recent quarter which is valued at $2,909,006. Citizens Financial Group Inc makes up approx 0.61% of Schonfeld Strategic Advisors’s portfolio.Public Sector Pension Investment Board boosted its stake in CFG in the latest quarter, The investment management firm added 15,400 additional shares and now holds a total of 100,300 shares of Citizens Financial Group Inc which is valued at $2,333,981. Citizens Financial Group Inc makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio. Gideon Capital Advisors added CFG to its portfolio by purchasing 130,453 company shares during the most recent quarter which is valued at $3,035,641. Citizens Financial Group Inc makes up approx 1.68% of Gideon Capital Advisors’s portfolio.Texas Permanent School Fund reduced its stake in CFG by selling 10,439 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 171,624 shares of CFG which is valued at $3,993,690. Citizens Financial Group Inc makes up approx 0.05% of Texas Permanent School Fund’s portfolio. Conning added CFG to its portfolio by purchasing 10,280 company shares during the most recent quarter which is valued at $232,122. Citizens Financial Group Inc makes up approx 0.01% of Conning’s portfolio.

Citizens Financial Group Inc closed down -0.25 points or -1.01% at $24.52 with 46,31,168 shares getting traded on Thursday. Post opening the session at $24.86, the shares hit an intraday low of $24.295 and an intraday high of $24.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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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