Citizens Financial Group Inc (CFG) : Pointstate Capital Lp added new position in Citizens Financial Group Inc during the most recent quarter end. The investment management firm now holds 5,758,067 shares of Citizens Financial Group Inc which is valued at $177,809,109 , the company said in a statement filed on Nov 14, 2016 with the SEC.Citizens Financial Group Inc makes up approximately 2.55% of Pointstate Capital Lp’s portfolio.
Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd sold out all of its stake in CFG during the most recent quarter. The investment firm sold 7,100 shares of CFG which is valued $219,248. Rmb Capital Management added CFG to its portfolio by purchasing 900,000 company shares during the most recent quarter which is valued at $23,490,000. Citizens Financial Group Inc makes up approx 1.06% of Rmb Capital Management’s portfolio.Cibc Asset Management Inc reduced its stake in CFG by selling 3,994 shares or 7.92% in the most recent quarter. The Hedge Fund company now holds 46,459 shares of CFG which is valued at $1,154,506. Citizens Financial Group Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Fny Managed Accounts reduced its stake in CFG by selling 300 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of CFG which is valued at $29,496. Citizens Financial Group Inc makes up approx 0.03% of Fny Managed Accounts’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 Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).