Putnam Fl Investment Management Co Has Upped Citizens Financial Group INC (CFG) Stake

June 20, 2017 - By Dolores Ford

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.10, from 1.02 in 2016Q3. It is positive, as 44 investors sold CFG shares while 168 reduced holdings. 95 funds opened positions while 142 raised stakes. 469.78 million shares or 1.33% more from 463.61 million shares in 2016Q3 were reported. Pitcairn Comm reported 0.06% stake. Narwhal reported 8,500 shares. 329,956 were accumulated by Meag Munich Ergo Kapitalanlagegesellschaft Mbh. Tradition Capital Mngmt Ltd reported 190,319 shares. California State Teachers Retirement System has invested 0.08% in Citizens Financial Group Inc (NYSE:CFG). Jane Street Grp Incorporated Ltd Liability accumulated 38,547 shares. Bnp Paribas Arbitrage reported 100,421 shares stake. Huntington Comml Bank accumulated 704 shares. Todd Asset Mngmt Limited Liability Corporation, a Kentucky-based fund reported 1.44M shares. Tower Research Capital Lc (Trc) accumulated 17,409 shares or 0.07% of the stock. Deutsche National Bank & Trust Ag holds 915,379 shares or 0.03% of its portfolio. Aviva Public Limited Liability stated it has 0.07% in Citizens Financial Group Inc (NYSE:CFG). Clearbridge Ltd Company has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Marietta Inv Ptnrs Limited Liability Corporation owns 252,358 shares for 3.16% of their portfolio. Basswood Mgmt Ltd Liability Corporation reported 2.93% stake.

Since February 16, 2017, it had 2 insider buys, and 0 insider sales for $867 activity. HIGDON LEO I JR bought $344 worth of Citizens Financial Group Inc (NYSE:CFG) on Thursday, February 16.

Putnam Fl Investment Management Co increased its stake in Citizens Financial Group Inc. (CFG) by 68.81% based on its latest 2016Q4 regulatory filing with the SEC. Putnam Fl Investment Management Co bought 137,386 shares as the company’s stock declined 8.64% while stock markets rallied. The institutional investor held 337,037 shares of the finance company at the end of 2016Q4, valued at $12.01M, up from 199,651 at the end of the previous reported quarter. Putnam Fl Investment Management Co who had been investing in Citizens Financial Group Inc. for a number of months, seems to be bullish on the $18.45 billion market cap company. The stock declined 0.85% or $0.31 reaching $36.24 on the news. About 94,823 shares traded. Citizens Financial Group Inc (NYSE:CFG) has risen 50.96% since June 20, 2016 and is uptrending. It has outperformed by 34.26% the S&P500.

Putnam Fl Investment Management Co, which manages about $1.28B and $870.40 million US Long portfolio, decreased its stake in Highwoods Properties Inc. (NYSE:HIW) by 68,367 shares to 243,252 shares, valued at $12.41M in 2016Q4, according to the filing. It also reduced its holding in Abbvie Inc. (NYSE:ABBV) by 68,619 shares in the quarter, leaving it with 38,132 shares, and cut its stake in Pattern Energy Group Inc. (NASDAQ:PEGI).

More notable recent Citizens Financial Group Inc (NYSE:CFG) news were published by: Businesswire.com which released: “Law Offices of Howard G. Smith Reminds Citizens Financial Group, Inc …” on June 16, 2017, also Prnewswire.com with their article: “EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action …” published on June 09, 2017, Businesswire.com published: “Citizens Financial Group to Present at the Morgan Stanley Financials Conference” on May 30, 2017. More interesting news about Citizens Financial Group Inc (NYSE:CFG) were released by: Globenewswire.com and their article: “CFG LOSS ALERT: Rosen Law Firm Reminds Citizens Financial Group, Inc …” published on May 26, 2017 as well as Globenewswire.com‘s news article titled: “INVESTOR ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit …” with publication date: May 25, 2017.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Among 22 analysts covering Citizens Financial Group (NYSE:CFG), 8 have Buy rating, 2 Sell and 12 Hold. Therefore 36% are positive. Citizens Financial Group had 45 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, November 17 the stock rating was downgraded by Wedbush to “Neutral”. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Buy” rating by Citigroup on Wednesday, October 12. UBS upgraded the stock to “Buy” rating in Wednesday, September 30 report. The rating was upgraded by Ladenburg Thalmann to “Buy” on Monday, October 12. The firm earned “Overweight” rating on Friday, April 21 by Piper Jaffray. The firm earned “Outperform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. The firm has “Sector Perform” rating given on Monday, October 26 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, August 26 by Bernstein. The rating was upgraded by Sandler O’Neill to “Buy” on Wednesday, September 2. The rating was downgraded by Sandler O’Neill on Monday, November 14 to “Hold”.

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