Blackrock Has Cut By $2.88 Million Its Zafgen (ZFGN) Stake; Shorts at Citizens Financial Group (CFG) Raised By 21.18%

December 7, 2017 - By Richard Conner

Blackrock Inc decreased Zafgen Inc (ZFGN) stake by 72.06% reported in 2017Q2 SEC filing. Blackrock Inc sold 960,692 shares as Zafgen Inc (ZFGN)’s stock declined 0.24%. The Blackrock Inc holds 372,476 shares with $1.31M value, down from 1.33M last quarter. Zafgen Inc now has $103.48M valuation. The stock decreased 1.72% or $0.07 during the last trading session, reaching $3.76. About 24,686 shares traded. Zafgen, Inc. (NASDAQ:ZFGN) has declined 36.39% since December 7, 2016 and is downtrending. It has underperformed by 53.09% the S&P500.

Citizens Financial Group Incorporated (NYSE:CFG) had an increase of 21.18% in short interest. CFG’s SI was 15.06M shares in December as released by FINRA. Its up 21.18% from 12.43 million shares previously. With 4.84M avg volume, 3 days are for Citizens Financial Group Incorporated (NYSE:CFG)’s short sellers to cover CFG’s short positions. The stock decreased 0.02% or $0.01 during the last trading session, reaching $40.62. About 337,889 shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since December 7, 2016 and is uptrending. It has outperformed by 34.26% the S&P500.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.30, from 1.3 in 2017Q1. It is negative, as 39 investors sold Citizens Financial Group, Inc. shares while 196 reduced holdings. 65 funds opened positions while 170 raised stakes. 475.38 million shares or 0.12% less from 475.94 million shares in 2017Q1 were reported. Cornerstone Advisors invested in 1,148 shares or 0.02% of the stock. Walleye Trading reported 36,866 shares. Commonwealth Financial Bank Of stated it has 104,815 shares. Gulf Comml Bank (Uk) owns 0.08% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 159,471 shares. Hbk Investments Lp owns 11,100 shares. Baystate Wealth Ltd Liability, Massachusetts-based fund reported 60 shares. Dalton Greiner Hartman Maher & Com invested in 12,311 shares or 0.03% of the stock. Hillsdale Inv Mngmt has invested 0.06% in Citizens Financial Group, Inc. (NYSE:CFG). Tokio Marine Asset holds 43,700 shares. Rdl Finance reported 18,050 shares or 0.5% of all its holdings. 1.72M are held by Glenmede Tru Na. Texas-based Maverick Cap has invested 0.03% in Citizens Financial Group, Inc. (NYSE:CFG). Intrust Financial Bank Na invested in 0.09% or 7,465 shares. Pzena Invest Mgmt Limited has invested 0.3% in Citizens Financial Group, Inc. (NYSE:CFG). 125,600 are held by Arizona State Retirement Systems.

Citizens Financial Group, Inc. operates as the bank holding firm for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking services and products in the United States. The company has market cap of $19.99 billion. It operates in two divisions, Consumer Banking and Commercial Banking. It has a 16.44 P/E ratio. The Consumer Banking segment offers traditional banking services and products, including checking, savings, mortgage and home equity lending, student loans, personal unsecured lines and loans, credit cards, business loans, and wealth management and investment services for retail clients and small businesses.

Among 24 analysts covering Citizens Financial Group (NYSE:CFG), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Citizens Financial Group had 67 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 11 by Goldman Sachs. Citigroup maintained the stock with “Buy” rating in Monday, June 6 report. The firm earned “Hold” rating on Friday, August 11 by Jefferies. The rating was maintained by Keefe Bruyette & Woods on Sunday, October 22 with “Buy”. The rating was maintained by Piper Jaffray on Tuesday, August 15 with “Buy”. The firm has “Buy” rating by Citigroup given on Monday, October 12. Citigroup maintained the shares of CFG in report on Wednesday, October 12 with “Buy” rating. Wedbush maintained the shares of CFG in report on Monday, October 24 with “Outperform” rating. The stock has “Outperform” rating by Bernstein on Thursday, September 14. The firm has “Buy” rating by UBS given on Monday, October 24.

Among 8 analysts covering Zafgen Inc (NASDAQ:ZFGN), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Zafgen Inc had 17 analyst reports since August 25, 2015 according to SRatingsIntel. Canaccord Genuity downgraded Zafgen, Inc. (NASDAQ:ZFGN) on Thursday, March 10 to “Hold” rating. The firm has “Outperform” rating given on Thursday, October 15 by RBC Capital Markets. The stock of Zafgen, Inc. (NASDAQ:ZFGN) earned “Buy” rating by Cowen & Co on Tuesday, August 25. The company was maintained on Monday, October 19 by SunTrust. FBR Capital maintained the shares of ZFGN in report on Thursday, October 15 with “Outperform” rating. The company was maintained on Friday, November 13 by Canaccord Genuity. The firm earned “Mkt Perform” rating on Thursday, December 3 by Leerink Swann. The company was downgraded on Wednesday, July 20 by FBR Capital. The rating was downgraded by SunTrust on Thursday, December 3 to “Neutral”. The stock of Zafgen, Inc. (NASDAQ:ZFGN) earned “Outperform” rating by FBR Capital on Thursday, January 21.

Analysts await Zafgen, Inc. (NASDAQ:ZFGN) to report earnings on March, 8. They expect $-0.59 EPS, down 55.26% or $0.21 from last year’s $-0.38 per share. After $-0.46 actual EPS reported by Zafgen, Inc. for the previous quarter, Wall Street now forecasts 28.26% negative EPS growth.

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