Castine Capital Management LLC Lifted Stake in Citizens Finl Group INC (CFG)

February 14, 2018 - By Ellis Scott

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.01, from 1 in 2017Q2. It increased, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes. 468.84 million shares or 1.38% less from 475.38 million shares in 2017Q2 were reported. Scout Invests reported 1.24 million shares. Citadel Advsr Limited Liability Co holds 0.29% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 9.91M shares. Lpl Fin invested in 0% or 34,832 shares. Fincl Architects Inc holds 0.03% or 365 shares in its portfolio. Stoneridge Limited Com holds 0.59% in Citizens Financial Group, Inc. (NYSE:CFG) or 99,173 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0.07% in Citizens Financial Group, Inc. (NYSE:CFG). 1.64 million were accumulated by Prudential Fincl. Pictet Bankshares And Tru Limited stated it has 0.5% in Citizens Financial Group, Inc. (NYSE:CFG). Aviva Pcl holds 0.07% in Citizens Financial Group, Inc. (NYSE:CFG) or 320,226 shares. Ontario Teachers Pension Plan Board reported 0.01% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Alps Advsr reported 13,645 shares stake. The Netherlands-based Apg Asset Mgmt Nv has invested 0.01% in Citizens Financial Group, Inc. (NYSE:CFG). Ohio-based James Investment Research has invested 0.06% in Citizens Financial Group, Inc. (NYSE:CFG). Hartford Investment stated it has 112,983 shares. Alliancebernstein LP stated it has 0.03% in Citizens Financial Group, Inc. (NYSE:CFG).

Castine Capital Management Llc increased its stake in Citizens Finl Group Inc (CFG) by 98.79% based on its latest 2017Q3 regulatory filing with the SEC. Castine Capital Management Llc bought 116,785 shares as the company’s stock declined 8.64% while stock markets rallied. The institutional investor held 235,000 shares of the finance company at the end of 2017Q3, valued at $8.90M, up from 118,215 at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Citizens Finl Group Inc for a number of months, seems to be bullish on the $21.84B market cap company. The stock increased 0.98% or $0.43 during the last trading session, reaching $44.39. About 3.44M shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since February 14, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Castine Capital Management Llc, which manages about $395.38 million and $270.95 million US Long portfolio, decreased its stake in Sterling Bancorp Del (NYSE:STL) by 308,322 shares to 177,219 shares, valued at $4.37M in 2017Q3, according to the filing.

More important recent Citizens Financial Group, Inc. (NYSE:CFG) news were published by: Businesswire.com which released: “Eric Schuppenhauer Joins Citizens Bank as President of Home Mortgage” on February 13, 2018, also Businesswire.com published article titled: “Citizens Financial Group to Present at the Credit Suisse 19”, Reuters.com published: “BRIEF-Citizens Financial Group Q4 Earnings Per Share $1.35” on January 19, 2018. More interesting news about Citizens Financial Group, Inc. (NYSE:CFG) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Aon, Northwest Bancshares and Citizens Financial Group” with publication date: January 29, 2018.

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

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 12 have Buy rating, 3 Sell and 11 Hold. Therefore 46% are positive. Citizens Financial Group had 82 analyst reports since July 22, 2015 according to SRatingsIntel. Piper Jaffray maintained Citizens Financial Group, Inc. (NYSE:CFG) on Friday, October 20 with “Buy” rating. The company was downgraded on Tuesday, November 15 by Oppenheimer. The firm earned “Outperform” rating on Wednesday, August 26 by Bernstein. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Wednesday, November 30, the company rating was maintained by Wedbush. Bernstein maintained it with “Buy” rating and $52.0 target in Monday, January 22 report. Barclays Capital maintained Citizens Financial Group, Inc. (NYSE:CFG) rating on Monday, January 25. Barclays Capital has “Equal-Weight” rating and $25 target. As per Sunday, September 17, the company rating was maintained by Piper Jaffray. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Neutral” rating by Piper Jaffray on Wednesday, November 16. The rating was upgraded by Ladenburg Thalmann to “Buy” on Monday, October 12.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.