Sterling Investment Management LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) during the third quarter, HoldingsChannel reports. The firm bought 33,944 shares of the bank’s stock, valued at approximately $2,164,000. Citizens Financial Group makes up approximately 1.0% of Sterling Investment Management LLC’s holdings, making the stock its 25th largest holding.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Citizens Financial Group in the 2nd quarter worth approximately $3,415,046,000. Assenagon Asset Management S.A. increased its position in Citizens Financial Group by 1,252.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock valued at $586,883,000 after buying an additional 8,523,938 shares in the last quarter. Bank of America Corp DE purchased a new position in Citizens Financial Group during the second quarter valued at $223,386,000. Legal & General Group Plc purchased a new position in Citizens Financial Group during the second quarter valued at $207,234,000. Finally, Nykredit A S purchased a new position in Citizens Financial Group during the second quarter valued at $188,380,000. Institutional investors own 94.90% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on CFG shares. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Barclays raised their price target on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. Jefferies Financial Group lifted their price target on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, DA Davidson reiterated a “neutral” rating on shares of Citizens Financial Group in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.
View Our Latest Stock Report on CFG
Citizens Financial Group Trading Down 0.1%
NYSE:CFG opened at $63.39 on Friday. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.58 and a beta of 0.72. 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’s 50 day moving average price is $68.03 and its 200-day moving average price is $67.04. Citizens Financial Group, Inc. has a 52 week low of $48.31 and a 52 week high of $75.33.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $1.05 EPS. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents 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.
Citizens Financial Group News Roundup
Here are the key news stories impacting Citizens Financial Group this week:
- Positive Sentiment: Third-quarter net income rose 29% year over year to $636 million, while EPS increased 34% year over year and 8% sequentially to $1.41. The result exceeded consensus estimates of $1.39 and was well above the $1.05 reported in the prior-year quarter. Citizens Financial Group Reports Third Quarter 2026 Results
- Positive Sentiment: Higher net interest income supported the earnings beat, and management highlighted improved credit quality. These trends suggest better core banking profitability and reduced near-term credit-loss pressure. CFG Stock Up as Q3 Earnings Top Estimates
- Positive Sentiment: Citizens increased its dividend by 13%, improving the stock’s income appeal and signaling confidence in capital generation and future earnings. CFG Stock Up as Q3 Earnings Top Estimates, Dividend Hiked
- Neutral Sentiment: The earnings call and company release provide additional detail on quarterly performance and management’s outlook, but investors are balancing strong profitability against uneven revenue trends. Citizens Financial Group Q3 2026 Earnings Call Transcript
- Negative Sentiment: Revenue missed expectations, primarily because capital-markets fees declined. The shortfall helps explain why the market response was less favorable than the EPS beat alone might suggest. Citizens Financial Q3 Earnings Beat, Revenue Misses
- Negative Sentiment: Cantor Fitzgerald issued a pessimistic forecast for CFG, adding an additional source of downside pressure despite the quarterly earnings beat. Cantor Fitzgerald Issues Pessimistic Forecast
Citizens Financial Group Profile
Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.
The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.
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