New Mountain Vantage Advisers L.l.c. Lowers stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : New Mountain Vantage Advisers L.l.c. reduced its stake in Citizens Financial Group Inc by 20.8% during the most recent quarter end. The investment management company now holds a total of 2,280,545 shares of Citizens Financial Group Inc which is valued at $68,074,268 after selling 599,093 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Citizens Financial Group Inc makes up approximately 4.56% of New Mountain Vantage Advisers L.l.c.’s portfolio.

Other Hedge Funds, Including , Price Michael F boosted its stake in CFG in the latest quarter, The investment management firm added 30,000 additional shares and now holds a total of 350,000 shares of Citizens Financial Group Inc which is valued at $10,808,000. Citizens Financial Group Inc makes up approx 1.44% of Price Michael F’s portfolio.State Of Tennessee Treasury Department boosted its stake in CFG in the latest quarter, The investment management firm added 526,901 additional shares and now holds a total of 644,113 shares of Citizens Financial Group Inc which is valued at $18,163,987. Citizens Financial Group Inc makes up approx 0.09% of State Of Tennessee Treasury Department’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in CFG by selling 12,685 shares or 29.95% in the most recent quarter. The Hedge Fund company now holds 29,669 shares of CFG which is valued at $836,666. Citizens Financial Group Inc makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Rdl Financial Inc boosted its stake in CFG in the latest quarter, The investment management firm added 5,620 additional shares and now holds a total of 21,122 shares of Citizens Financial Group Inc which is valued at $595,640. Citizens Financial Group Inc makes up approx 0.42% of Rdl Financial Inc’s portfolio.Penserra Capital Management boosted its stake in CFG in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 725 shares of Citizens Financial Group Inc which is valued at $19,046.

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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