Citizens Financial Group, Inc. $CFG Stock Bought by New England Research & Management Inc.

New England Research & Management Inc. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 69.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,707 shares of the bank’s stock after acquiring an additional 15,475 shares during the quarter. New England Research & Management Inc.’s holdings in Citizens Financial Group were worth $2,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CFG. BlackRock Inc. purchased a new position in Citizens Financial Group during the 2nd quarter worth $3,415,046,000. Assenagon Asset Management S.A. grew its stake in shares of Citizens Financial Group by 1,252.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after acquiring an additional 8,523,938 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Citizens Financial Group in the 2nd quarter worth $223,386,000. Legal & General Group Plc bought a new stake in shares of Citizens Financial Group in the 2nd quarter worth $207,234,000. Finally, Nykredit A S purchased a new stake in shares of Citizens Financial Group in the second quarter valued at about $188,380,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Bruce Van Saun 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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Key Citizens Financial Group News

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

Wall Street Analysts Forecast Growth

CFG has been the topic of several analyst reports. Barclays boosted their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. DA Davidson reissued a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Jefferies Financial Group boosted their target price on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Citizens Financial Group in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.08.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded down $0.04 during midday trading on Friday, reaching $63.39. The company had a trading volume of 9,449,449 shares, compared to its average volume of 4,404,958. The company’s 50 day moving average price is $68.03 and its 200 day moving average price is $67.04. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a market cap of $26.70 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.58 and a beta of 0.72. 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) last posted its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $1.05 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.29 EPS for the current fiscal year.

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.