Citizens Financial Group Inc (CFG) : Vigilant Capital Management reduced its stake in Citizens Financial Group Inc by 68.11% during the most recent quarter end. The investment management company now holds a total of 288 shares of Citizens Financial Group Inc which is valued at $7,140 after selling 615 shares in Citizens Financial Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.
Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in CFG by selling 142,639 shares or 39.84% in the most recent quarter. The Hedge Fund company now holds 215,379 shares of CFG which is valued at $5,375,860. Citizens Financial Group Inc makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Simplex Trading reduced its stake in CFG by selling 18,344 shares or 82.33% in the most recent quarter. The Hedge Fund company now holds 3,937 shares of CFG which is valued at $100,394. Citizens Financial Group Inc makes up approx 0.01% of Simplex Trading’s portfolio.Oliver Luxxe Assets boosted its stake in CFG in the latest quarter, The investment management firm added 14,562 additional shares and now holds a total of 184,656 shares of Citizens Financial Group Inc which is valued at $4,708,728. Citizens Financial Group Inc makes up approx 3.73% of Oliver Luxxe Assets’s portfolio.
Citizens Financial Group Inc opened for trading at $24.92 and hit $25.1 on the upside on Friday, eventually ending the session at $24.79, with a gain of 1.10% or 0.27 points. The heightened volatility saw the trading volume jump to 35,96,539 shares. Company has a market cap of $12,878 M.
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.
Many Wall Street Analysts have commented on Citizens Financial Group Inc. Wedbush Initiated Citizens Financial Group Inc on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $29.
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).