Duncker Streett & Company Has Lowered Stake in Expeditors Intl Wash (EXPD) as Share Value Rose; As Citizens Financial Group (CFG) Stock Declined, Laffer Investments Increased Stake by $291.59 Million

June 14, 2018 - By Stephen Andrade

Citizens Financial Group, Inc. (NYSE:CFG) Logo

Laffer Investments increased its stake in Citizens Financial Group (CFG) by 14.59% based on its latest 2018Q1 regulatory filing with the SEC. Laffer Investments bought 6,946 shares as the company’s stock declined 6.80% with the market. The institutional investor held 54,546 shares of the finance company at the end of 2018Q1, valued at $2.29 billion, up from 47,600 at the end of the previous reported quarter. Laffer Investments who had been investing in Citizens Financial Group for a number of months, seems to be bullish on the $20.07 billion market cap company. The stock decreased 1.03% or $0.43 during the last trading session, reaching $41.41. About 3.21 million shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 20.08% since June 14, 2017 and is uptrending. It has outperformed by 7.51% the S&P500. Some Historical CFG News: 09/03/2018 – Dir Landy Gifts 383 Of Citizens Financial Services Inc; 31/05/2018 – CITIZENS FINANCIAL GROUP – DEAL IS EXPECTED TO REDUCE CO’S BASEL lll COMMON EQUITY TIER ONE RATIO BY ABOUT 18 BASIS POINTS AT DEAL CLOSE; 16/05/2018 – Citizens Financial at AllianceBernstein Conference May 31; 28/04/2018 – Citizens Bank and Military Warriors Support Foundation Present Home to Gold Star Family; 20/04/2018 – CITIZENS FINANCIAL GROUP INC – QTRLY NET INTEREST INCOME $1,091 MLN VS $1,005 MLN; 31/05/2018 – CITIZENS FINANCIAL GROUP INC – DEAL EXPECTED TO IMPROVE FEE INCOME, PRODUCE ATTRACTIVE RETURNS, HAVE CROSSOVER EARNBACK PERIOD OF LESS THAN 3 YEARS; 31/05/2018 – Citizens Financial Group Acquisition of Franklin American Mortgage Expected to Close in 3Q; 30/05/2018 – Citizens Financial at AllianceBernstein Conference Tomorrow; 31/05/2018 – Citizens Financial Group, Inc. To Expand Mortgage Banking Business With Acquisition Of Franklin American Mortgage Company; 31/05/2018 – Citizens Financial Group Unit Citizens Bank N.A. Will Purchase Assets for $511M in Cash

Duncker Streett & Company Inc decreased its stake in Expeditors Intl Wash Inc (EXPD) by 34.81% based on its latest 2018Q1 regulatory filing with the SEC. Duncker Streett & Company Inc sold 5,967 shares as the company’s stock rose 10.61% while stock markets declined. The institutional investor held 11,176 shares of the transportation company at the end of 2018Q1, valued at $707,000, down from 17,143 at the end of the previous reported quarter. Duncker Streett & Company Inc who had been investing in Expeditors Intl Wash Inc for a number of months, seems to be less bullish one the $13.49B market cap company. The stock decreased 0.14% or $0.11 during the last trading session, reaching $77.25. About 434,564 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 38.58% since June 14, 2017 and is uptrending. It has outperformed by 26.01% the S&P500.

Laffer Investments, which manages about $614.32 million and $401.63 billion US Long portfolio, decreased its stake in Ishares Mbs Etf (MBB) by 1,108 shares to 4,614 shares, valued at $482.81M in 2018Q1, according to the filing. It also reduced its holding in Anthem Inc by 2,112 shares in the quarter, leaving it with 84,753 shares, and cut its stake in Micron Technology.

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 15 have Buy rating, 3 Sell and 8 Hold. Therefore 58% are positive. Citizens Financial Group had 96 analyst reports since July 22, 2015 according to SRatingsIntel. The company was initiated on Friday, April 20 by Vining Sparks. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 8. RBC Capital Markets maintained it with “Hold” rating and $45.0 target in Sunday, January 21 report. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Hold” rating given on Monday, March 26 by Sandler O’Neill. RBC Capital Markets maintained the shares of CFG in report on Monday, October 26 with “Sector Perform” rating. The firm earned “Hold” rating on Tuesday, January 2 by Robert W. Baird. Wedbush maintained Citizens Financial Group, Inc. (NYSE:CFG) on Wednesday, November 30 with “Neutral” rating. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Neutral” rating by Citigroup on Monday, October 9. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Buy” rating by Piper Jaffray on Sunday, September 17. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Equal Weight”.

More news for Citizens Financial Group, Inc. (NYSE:CFG) were recently published by: Benzinga.com, which released: “Baird: Buy The Dip In Citizens Financial” on May 30, 2018. Seekingalpha.com‘s article titled: “Citizens Financial to buy Franklin American Mortgage for $511M” and published on May 31, 2018 is yet another important article.

Since June 5, 2018, it had 0 buys, and 1 sale for $32,860 activity.

Investors sentiment increased to 1 in Q1 2018. Its up 0.06, from 0.94 in 2017Q4. It is positive, as 33 investors sold CFG shares while 206 reduced holdings. 82 funds opened positions while 156 raised stakes. 447.99 million shares or 1.88% less from 456.57 million shares in 2017Q4 were reported. Pzena Inv Management Limited Liability Corp reported 735,799 shares stake. Wallington Asset Mgmt Ltd Liability Corporation reported 124,860 shares or 1.39% of all its holdings. Maverick Capital Limited reported 0.11% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Boston Advsr Limited Liability Company has invested 0.65% in Citizens Financial Group, Inc. (NYSE:CFG). 92 were accumulated by Massmutual Trust Fsb Adv. Janney Montgomery Scott Limited Co has invested 0.04% in Citizens Financial Group, Inc. (NYSE:CFG). Fny Managed Accounts Lc reported 167 shares stake. Natixis Advsr Limited Partnership holds 390,948 shares. Advisor Limited Liability Co holds 0.04% or 5,340 shares. Whittier Tru Of Nevada holds 61 shares or 0% of its portfolio. Bowling Llc has invested 0.48% in Citizens Financial Group, Inc. (NYSE:CFG). Fdx Advsr Incorporated reported 0.03% stake. Convergence Ltd Llc stated it has 0.25% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Schwab Charles Investment Mgmt invested in 0.09% or 2.77 million shares. 755,888 were accumulated by Credit Suisse Ag.

Among 15 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Expeditors International of Washington had 50 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by UBS on Wednesday, November 8 with “Sell”. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) earned “Hold” rating by Stifel Nicolaus on Monday, June 26. The rating was downgraded by Zacks on Monday, August 31 to “Buy”. Cowen & Co maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Monday, July 17. Cowen & Co has “Hold” rating and $5500 target. Susquehanna downgraded the stock to “Positive” rating in Tuesday, August 11 report. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Monday, September 11 by Cowen & Co. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Hold” rating on Tuesday, August 8 by Cowen & Co. The company was maintained on Wednesday, May 9 by Credit Suisse. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) earned “Neutral” rating by Robert W. Baird on Monday, June 4.

Duncker Streett & Company Inc, which manages about $337.79 million and $395.06 million US Long portfolio, upped its stake in Discover Finl Svcs (NYSE:DFS) by 12,302 shares to 27,657 shares, valued at $1.99M in 2018Q1, according to the filing. It also increased its holding in Lockheed Martin Corp (NYSE:LMT) by 1,200 shares in the quarter, for a total of 2,551 shares, and has risen its stake in Lear Corp (NYSE:LEA).

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It is positive, as 33 investors sold EXPD shares while 175 reduced holdings. 49 funds opened positions while 147 raised stakes. 155.04 million shares or 0.64% more from 154.06 million shares in 2017Q4 were reported. Toth Fin Advisory Corp invested in 406 shares or 0.01% of the stock. 15,893 were accumulated by Advsrs Asset Mgmt Inc. Deutsche Natl Bank Ag reported 1.11 million shares. St James Investment Llc has 534,298 shares. Winslow Evans And Crocker stated it has 0% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). The Delaware-based Riverhead Cap Mgmt Ltd has invested 0.03% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Schwab Charles Inv Mngmt reported 941,212 shares. Ellington Management Gp Limited Liability Corp holds 4,300 shares or 0.02% of its portfolio. Financial Bank Of Montreal Can holds 93,846 shares. Dimensional Fund Limited Partnership holds 0.02% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 658,111 shares. Beacon Fincl Grp Incorporated invested in 35,210 shares or 0.38% of the stock. Hartford Inv Mgmt reported 33,599 shares. The Korea-based Mirae Asset Glob Investments Ltd has invested 0.02% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Peoples Services accumulated 28,870 shares. Bnp Paribas Arbitrage invested 0% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD).

Since February 26, 2018, it had 0 insider buys, and 9 sales for $3.14 million activity. McClincy Christopher J. had sold 2,437 shares worth $175,742. $137,937 worth of stock was sold by Musser Jeffrey S on Monday, February 26. Shares for $330,400 were sold by Wall Daniel R on Tuesday, February 27. Rostan Richard H sold 4,500 shares worth $290,925. Another trade for 6,956 shares valued at $500,067 was made by ALGER EUGENE K on Thursday, May 17. Emmert Mark A sold 6,000 shares worth $388,320.

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

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