Jacobs Levy Equity Management Inc buys $46,371,199 stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Jacobs Levy Equity Management Inc scooped up 202,260 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 Nov 14, 2016. The investment management firm now holds a total of 1,501,658 shares of Citizens Financial Group Inc which is valued at $46,371,199.Citizens Financial Group Inc makes up approximately 0.82% of Jacobs Levy Equity Management Inc’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management sold out all of its stake in CFG during the most recent quarter. The investment firm sold 312,255 shares of CFG which is valued $9,320,812.Thompson Davis boosted its stake in CFG in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 1,670 shares of Citizens Financial Group Inc which is valued at $45,675. Citizens Financial Group Inc makes up approx 0.08% of Thompson Davis’s portfolio.New York State Common Retirement Fund boosted its stake in CFG in the latest quarter, The investment management firm added 785,183 additional shares and now holds a total of 1,941,683 shares of Citizens Financial Group Inc which is valued at $53,105,030. Citizens Financial Group Inc makes up approx 0.08% of New York State Common Retirement Fund’s portfolio.Daiwa Securities Group reduced its stake in CFG by selling 35,056 shares or 73.25% in the most recent quarter. The Hedge Fund company now holds 12,800 shares of CFG which is valued at $338,048. Horan Capital Advisors. added CFG to its portfolio by purchasing 70,335 company shares during the most recent quarter which is valued at $1,852,624. Citizens Financial Group Inc makes up approx 1.49% of Horan Capital Advisors.’s portfolio.

Citizens Financial Group Inc opened for trading at $31.81 and hit $32.135 on the upside on Monday, eventually ending the session at $31.97, with a gain of 0.76% or 0.24 points. The heightened volatility saw the trading volume jump to 82,28,335 shares. Company has a market cap of $16,365 M.

On the company’s financial health, Citizens Financial Group Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.48. The company had revenue of $1380.00 million for the quarter, compared to analysts expectations of $1320.35 million. The company’s revenue was up 14.1% 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. Company shares were Downgraded by Wedbush on Nov 17, 2016 to ” Neutral”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .Citizens Financial Group Inc was Downgraded by Bernstein to ” Mkt Perform” on Nov 16, 2016. Citizens Financial Group Inc was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 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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