As Blackbaud (BLKB) Shares Rose, Champlain Investment Partners Decreased by $1.64 Million Its Holding; New York State Teachers Retirement System Lifted Citizens Financial Group (CFG) Stake by $624,435

December 8, 2017 - By Clifton Ray

New York State Teachers Retirement System increased its stake in Citizens Financial Group Inc. (CFG) by 2.06% based on its latest 2017Q2 regulatory filing with the SEC. New York State Teachers Retirement System bought 17,841 shares as the company’s stock declined 8.64% while stock markets rallied. The institutional investor held 882,796 shares of the finance company at the end of 2017Q2, valued at $31.50M, up from 864,955 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Citizens Financial Group Inc. for a number of months, seems to be bullish on the $20.38 billion market cap company. The stock increased 1.97% or $0.8 during the last trading session, reaching $41.43. About 4.69M shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since December 8, 2016 and is uptrending. It has outperformed by 34.26% the S&P500.

Champlain Investment Partners Llc decreased its stake in Blackbaud Inc. (BLKB) by 0.85% based on its latest 2017Q2 regulatory filing with the SEC. Champlain Investment Partners Llc sold 19,277 shares as the company’s stock rose 9.41% with the market. The institutional investor held 2.24M shares of the technology company at the end of 2017Q2, valued at $192.05M, down from 2.26M at the end of the previous reported quarter. Champlain Investment Partners Llc who had been investing in Blackbaud Inc. for a number of months, seems to be less bullish one the $4.53 billion market cap company. The stock increased 0.29% or $0.28 during the last trading session, reaching $96.38. About 199,069 shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since December 8, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on February, 14. They expect $0.45 earnings per share, down 10.00% or $0.05 from last year’s $0.5 per share. BLKB’s profit will be $21.15 million for 53.54 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Another recent and important Blackbaud, Inc. (NASDAQ:BLKB) news was published by Nasdaq.com which published an article titled: “Blackbaud, Inc. (BLKB) Ex-Dividend Date Scheduled for November 27, 2017” on November 24, 2017.

Among 12 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Blackbaud Inc has $112 highest and $66 lowest target. $88.86’s average target is -7.80% below currents $96.38 stock price. Blackbaud Inc had 25 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Neutral” rating by Robert W. Baird on Tuesday, February 28. Stifel Nicolaus maintained Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, October 26 with “Buy” rating. Wunderlich downgraded Blackbaud, Inc. (NASDAQ:BLKB) on Friday, February 10 to “Hold” rating. The rating was initiated by Evercore on Monday, June 27 with “Hold”. The company was maintained on Monday, October 23 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 30. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Hold” rating by Robert W. Baird on Friday, September 29. On Friday, September 22 the stock rating was initiated by Citigroup with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 10. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 18.

Investors sentiment increased to 1.42 in 2017 Q2. Its up 0.07, from 1.35 in 2017Q1. It improved, as 22 investors sold BLKB shares while 62 reduced holdings. 44 funds opened positions while 75 raised stakes. 52.56 million shares or 1.98% less from 53.62 million shares in 2017Q1 were reported. Proshare Advsrs Ltd Company invested 0.01% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Sit Invest owns 0.02% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 7,125 shares. 3,366 were accumulated by Jane Street Group Limited Liability. Ameriprise Fincl Incorporated invested 0.01% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Pennsylvania-based Pnc Svcs Grp Inc has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Florida-based Raymond James And Assocs has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Goldman Sachs Grp Inc holds 176,854 shares. Maryland-based Profund Limited Liability Corp has invested 0.03% in Blackbaud, Inc. (NASDAQ:BLKB). Redmond Asset Management Ltd Limited Liability Company owns 13,411 shares or 0.54% of their US portfolio. Great West Life Assurance Can owns 0.01% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 28,876 shares. Focused Wealth Mngmt invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Qs Ltd holds 1,800 shares. Amer Mngmt Inc owns 259,360 shares. Raymond James Trust Na invested in 0.02% or 2,823 shares. Texas Permanent School Fund holds 0.04% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB) for 35,072 shares.

Champlain Investment Partners Llc, which manages about $6.04 billion and $8.18 billion US Long portfolio, upped its stake in Morningstar Inc. (NASDAQ:MORN) by 60,345 shares to 349,625 shares, valued at $27.39M in 2017Q2, according to the filing. It also increased its holding in Wolverine World Wide Inc. (NYSE:WWW) by 65,158 shares in the quarter, for a total of 3.98M shares, and has risen its stake in Nic Inc. (NASDAQ:EGOV).

Investors sentiment decreased to 1 in Q2 2017. Its down 0.30, from 1.3 in 2017Q1. It fall, as 39 investors sold CFG 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. Fort Washington Inv Advisors Incorporated Oh invested in 0.03% or 53,238 shares. Citadel Limited Liability Corporation reported 1.21M shares or 0.04% of all its holdings. Dnb Asset Management As reported 55,577 shares. Oakbrook Investments Ltd Com has 0.08% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 32,570 shares. Pictet & Cie (Europe) Sa reported 11,910 shares. Airain invested 0.29% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Cipher Cap LP holds 31,495 shares or 0.09% of its portfolio. Riverhead Cap Limited Com has 87,440 shares. Royal Bancorporation Of Canada reported 0.04% stake. Teacher Retirement System Of Texas accumulated 296,978 shares or 0.07% of the stock. 407,009 were reported by Boston Prns. 5,900 were reported by Holderness Invests. 41,808 were reported by Thomas White. 16,575 were accumulated by Wellington Shields Mngmt Llc. Putnam Invests Limited Com reported 10,175 shares.

More news for Citizens Financial Group, Inc. (NYSE:CFG) were recently published by: Businesswire.com, which released: “Citizens Financial Group Announces 2018 Earnings Conference Calls” on November 30, 2017. Prnewswire.com‘s article titled: “Pre-market Technical Scan on Banking Equities — United Bankshares, Citizens …” and published on December 08, 2017 is yet another important article.

New York State Teachers Retirement System, which manages about $39.16B US Long portfolio, decreased its stake in Southwest Airlines Co (NYSE:LUV) by 26,857 shares to 986,451 shares, valued at $61.30 million in 2017Q2, according to the filing. It also reduced its holding in Xl Group Ltd Com by 13,919 shares in the quarter, leaving it with 488,187 shares, and cut its stake in Wal Mart Stores (NYSE:WMT).

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 has $43.0 highest and $25 lowest target. $34.50’s average target is -16.73% below currents $41.43 stock price. Citizens Financial Group had 67 analyst reports since July 22, 2015 according to SRatingsIntel. Guggenheim upgraded Citizens Financial Group, Inc. (NYSE:CFG) rating on Wednesday, August 26. Guggenheim has “Neutral” rating and $28.0 target. RBC Capital Markets maintained Citizens Financial Group, Inc. (NYSE:CFG) on Thursday, September 7 with “Hold” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, January 11. The rating was maintained by Robert W. Baird on Friday, October 6 with “Hold”. Oppenheimer maintained the shares of CFG in report on Monday, July 24 with “Hold” rating. The company was downgraded on Thursday, November 17 by Wedbush. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 20 report. The rating was upgraded by Wedbush on Monday, May 1 to “Outperform”. Citigroup upgraded the shares of CFG in report on Monday, October 12 to “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, June 28 with “Hold”.

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