Systematic Financial Management LP Trimmed Its Citizens Financial Group INC (CFG) Stake as Market Valuation Declined

May 25, 2018 - By Vivian Currie

Citizens Financial Group, Inc. (NYSE:CFG) LogoInvestors sentiment decreased to 0.94 in 2017 Q4. Its down 0.07, from 1.01 in 2017Q3. It is negative, as 38 investors sold CFG shares while 197 reduced holdings. 66 funds opened positions while 155 raised stakes. 456.57 million shares or 2.62% less from 468.84 million shares in 2017Q3 were reported. Cibc World Markets Corp has invested 0.03% in Citizens Financial Group, Inc. (NYSE:CFG). Goelzer Management holds 0.91% or 192,345 shares in its portfolio. Bb&T Secs Ltd Limited Liability Company accumulated 7,619 shares or 0% of the stock. Wafra Investment Advisory Group New York stated it has 0.51% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). 265,246 were reported by Dekabank Deutsche Girozentrale. Stoneridge Invest Prns Ltd Liability Company invested 0.91% in Citizens Financial Group, Inc. (NYSE:CFG). 14,299 were reported by Creative Planning. Fort Washington Investment Oh holds 0.02% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 37,799 shares. Tdam Usa holds 205,062 shares. Guardian Life Insurance Of America invested in 1,621 shares or 0.01% of the stock. Hartford Inv Mgmt owns 107,504 shares for 0.08% of their portfolio. Advisor Partners reported 0.04% in Citizens Financial Group, Inc. (NYSE:CFG). Sumitomo Mitsui Asset Mgmt Ltd stated it has 37,242 shares. Redwood Invests Limited Liability Company stated it has 0.54% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Point72 Asia (Hong Kong) has invested 0.01% in Citizens Financial Group, Inc. (NYSE:CFG).

Systematic Financial Management Lp decreased its stake in Citizens Financial Group Inc. (CFG) by 3.7% based on its latest 2017Q4 regulatory filing with the SEC. Systematic Financial Management Lp sold 79,342 shares as the company’s stock declined 2.44% with the market. The institutional investor held 2.06 million shares of the finance company at the end of 2017Q4, valued at $86.61 million, down from 2.14M at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Citizens Financial Group Inc. for a number of months, seems to be less bullish one the $20.02 billion market cap company. The stock decreased 0.58% or $0.24 during the last trading session, reaching $41.3. About 705,245 shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 21.47% since May 25, 2017 and is uptrending. It has outperformed by 9.92% the S&P500.

Systematic Financial Management Lp, which manages about $14.04B and $5.00 billion US Long portfolio, upped its stake in Msg Networks Inc. Class A by 849,193 shares to 971,893 shares, valued at $19.68M in 2017Q4, according to the filing. It also increased its holding in Ichor Holdings Ltd. by 279,510 shares in the quarter, for a total of 735,419 shares, and has risen its stake in Medical Properties Trust Inc. (NYSE:MPW).

Analysts await Citizens Financial Group, Inc. (NYSE:CFG) to report earnings on July, 20. They expect $0.85 EPS, up 34.92 % or $0.22 from last year’s $0.63 per share. CFG’s profit will be $412.01 million for 12.15 P/E if the $0.85 EPS becomes a reality. After $0.78 actual EPS reported by Citizens Financial Group, Inc. for the previous quarter, Wall Street now forecasts 8.97 % EPS growth.

Another recent and important Citizens Financial Group, Inc. (NYSE:CFG) news was published by Bizjournals.com which published an article titled: “Citizens, Santander no longer ‘too big to fail’ under bill sent to Trump” on May 23, 2018.

Citizens Financial Group, Inc. (NYSE:CFG) Ratings Coverage

Among 14 analysts covering Citizens Financial Group (NYSE:CFG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Citizens Financial Group had 27 analyst reports since December 13, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Citizens Financial Group, Inc. (NYSE:CFG) on Sunday, January 21 with “Buy” rating. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Overweight”. The firm has “Buy” rating by Vining Sparks given on Friday, April 20. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, December 12. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Outperform” rating given on Tuesday, December 19 by BMO Capital Markets. The rating was maintained by Sandler O’Neill on Monday, March 26 with “Hold”. The rating was maintained by Citigroup with “Neutral” on Monday, April 9. The rating was maintained by Barclays Capital with “Hold” on Tuesday, January 2. The firm has “Hold” rating by RBC Capital Markets given on Sunday, January 21.

Citizens Financial Group, Inc. (NYSE:CFG) Institutional Positions Chart

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