Citizens Finl Group INC Com (CFG) Shareholder Lord Abbett & Company Decreased Its Stake by $41.51 Million as Market Value Declined

February 21, 2018 - By Darrin Black

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.01, from 1 in 2017Q2. It improved, 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. Thomas White International Limited invested in 0.28% or 41,808 shares. D E Shaw, New York-based fund reported 2.11 million shares. Carlson Cap LP has invested 0.69% in Citizens Financial Group, Inc. (NYSE:CFG). Nationwide Fund Advsr holds 0.07% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 481,230 shares. Fdx Advsr holds 0.05% or 47,308 shares. Moreover, Leuthold Ltd Liability Co has 0.41% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 107,043 shares. Investec Asset Limited stated it has 0.05% in Citizens Financial Group, Inc. (NYSE:CFG). Boston Prns stated it has 0.04% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Acadian Asset Management Lc stated it has 495 shares. Commonwealth Of Pennsylvania School Empls Retrmt, Pennsylvania-based fund reported 40,718 shares. Salzhauer Michael accumulated 0.19% or 11,852 shares. Public Employees Retirement Association Of Colorado has invested 0.02% in Citizens Financial Group, Inc. (NYSE:CFG). Moreover, Raymond James Services Advsrs has 0% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 10,247 shares. Blb&B Advisors Ltd Limited Liability Company accumulated 11,717 shares. Sei owns 142,756 shares.

Lord Abbett & Company decreased its stake in Citizens Finl Group Inc Com (CFG) by 12.64% based on its latest 2017Q3 regulatory filing with the SEC. Lord Abbett & Company sold 1.12 million shares as the company’s stock declined 8.64% while stock markets rallied. The institutional investor held 7.75M shares of the finance company at the end of 2017Q3, valued at $293.57M, down from 8.87M at the end of the previous reported quarter. Lord Abbett & Company who had been investing in Citizens Finl Group Inc Com for a number of months, seems to be less bullish one the $22.68 billion market cap company. The stock increased 0.35% or $0.16 during the last trading session, reaching $46.09. About 4.78 million shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since February 21, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Lord Abbett & Company, which manages about $34.25 billion US Long portfolio, upped its stake in Cimarex Energy Co Com (NYSE:XEC) by 422,569 shares to 1.17M shares, valued at $133.18M in 2017Q3, according to the filing. It also increased its holding in Agios Pharmaceuticals Inc Com (NASDAQ:AGIO) by 224,293 shares in the quarter, for a total of 491,203 shares, and has risen its stake in Fortive Corp Com.

Analysts await Citizens Financial Group, Inc. (NYSE:CFG) to report earnings on April, 19. They expect $0.75 EPS, up 22.95 % or $0.14 from last year’s $0.61 per share. CFG’s profit will be $369.00M for 15.36 P/E if the $0.75 EPS becomes a reality. After $0.71 actual EPS reported by Citizens Financial Group, Inc. for the previous quarter, Wall Street now forecasts 5.63 % EPS growth.

More news for Citizens Financial Group, Inc. (NYSE:CFG) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Aon, Northwest Bancshares and Citizens Financial Group” on January 29, 2018. Businesswire.com‘s article titled: “Citizens Financial Group to Present at the Credit Suisse 19” and published on January 25, 2018 is yet another important article.

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. The firm earned “Perform” rating on Tuesday, November 15 by Oppenheimer. Bank of America downgraded the shares of CFG in report on Monday, October 2 to “Underperform” rating. As per Wednesday, June 28, the company rating was maintained by RBC Capital Markets. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. Keefe Bruyette & Woods upgraded Citizens Financial Group, Inc. (NYSE:CFG) on Tuesday, November 29 to “Outperform” rating. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Neutral” rating by PiperJaffray on Wednesday, November 16. The rating was maintained by Barclays Capital with “Hold” on Tuesday, January 2. As per Tuesday, November 24, the company rating was initiated by Piper Jaffray. On Sunday, January 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Sunday, January 21.

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