Is Citizens Financial Group Inc (CFG) a Good Stock to Buy?

Seeing as Citizens Financial Group Inc (NYSE:CFG) has faced declining sentiment from the entirety of the hedge funds we track, logic holds that there was a specific group of fund managers that decided to sell off their entire stakes last quarter. Intriguingly, John Overdeck and David Siegel’s Two Sigma Advisors cut the largest stake of all the hedgies monitored by Insider Monkey, worth close to $34.8 million in stock, and Anand Parekh’s Alyeska Investment Group was right behind this move, as the fund cut about $28.6 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Citizens Financial Group Inc (NYSE:CFG) but similarly valued. These stocks are Pentair, Ltd. Registered Share (NYSE:PNR), Cintas Corporation (NASDAQ:CTAS), Hasbro, Inc. (NASDAQ:HAS), and Harris Corporation (NYSE:HRS). All of these stocks’ market caps resemble CFG’s market cap.

As you can see these stocks had an average of 24 investors with long positions and the average amount invested in these stocks was $602 million. That figure was $1.11 billion in CFG’s case. Cintas Corporation (NASDAQ:CTAS) is the most popular stock in this table with 33 funds holding shares. On the other hand, Pentair, Ltd. Registered Share (NYSE:PNR) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Citizens Financial Group Inc (NYSE:CFG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.