Pinnacle Holdings LLC Takes $809,000 Position in Citizens Financial Group, Inc. $CFG

Posted by George Bondi on Aug 24th, 2026

Pinnacle Holdings LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 11,550 shares of the bank’s stock, valued at approximately $809,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its position in Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after purchasing an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Citizens Financial Group in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Citizens Financial Group in the first quarter worth approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Citizens Financial Group in the second quarter worth $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Citizens Financial Group in the fourth quarter worth $29,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $69.84 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The company has a market cap of $29.42 billion, a PE ratio of 15.15, a P/E/G ratio of 0.53 and a beta of 0.67. The business has a 50 day moving average of $71.15 and a 200 day moving average of $65.57. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33.

Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 39.91%.

Insider Activity at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald upped their price target on shares of Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Robert W. Baird upped their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, Truist Financial increased their target price on shares of Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Check Out Our Latest Research Report on CFG

Citizens Financial Group Profile

(Free Report)

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.