Lakewood Capital Management Lp Lowers stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Lakewood Capital Management Lp reduced its stake in Citizens Financial Group Inc by 2.97% during the most recent quarter end. The investment management company now holds a total of 6,527,200 shares of Citizens Financial Group Inc which is valued at $151,887,944 after selling 200,000 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Citizens Financial Group Inc makes up approximately 7.01% of Lakewood Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Steadfast Capital Management Lp added CFG to its portfolio by purchasing 920,916 company shares during the most recent quarter which is valued at $21,429,715. Citizens Financial Group Inc makes up approx 0.55% of Steadfast Capital Management Lp’s portfolio. Caxton Associates Lp sold out all of its stake in CFG during the most recent quarter. The investment firm sold 200,000 shares of CFG which is valued $4,654,000.Geode Capital Management boosted its stake in CFG in the latest quarter, The investment management firm added 149,881 additional shares and now holds a total of 4,536,616 shares of Citizens Financial Group Inc which is valued at $105,567,054. Citizens Financial Group Inc makes up approx 0.06% of Geode Capital Management’s portfolio.Advantus Capital Management Inc boosted its stake in CFG in the latest quarter, The investment management firm added 666 additional shares and now holds a total of 51,615 shares of Citizens Financial Group Inc which is valued at $1,201,081. Citizens Financial Group Inc makes up approx 0.03% of Advantus Capital Management Inc’s portfolio.Daiwa Securities Group reduced its stake in CFG by selling 70,792 shares or 59.67% in the most recent quarter. The Hedge Fund company now holds 47,856 shares of CFG which is valued at $1,080,588. Citizens Financial Group Inc makes up approx 0.01% of Daiwa Securities Group’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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