Goelzer Investment Management Inc. Acquires 166,391 Shares of Citizens Financial Group, Inc. $CFG

Goelzer Investment Management Inc. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 111.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,839 shares of the bank’s stock after buying an additional 166,391 shares during the period. Citizens Financial Group accounts for approximately 0.9% of Goelzer Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Goelzer Investment Management Inc.’s holdings in Citizens Financial Group were worth $20,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Citizens Financial Group in the second quarter valued at about $3,415,046,000. Assenagon Asset Management S.A. boosted its position 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 purchasing an additional 8,523,938 shares during the last quarter. Bank of America Corp DE acquired a new position in Citizens Financial Group in the second quarter valued at about $223,386,000. Legal & General Group Plc acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $207,234,000. Finally, Nykredit A S bought a new position in Citizens Financial Group during the 2nd quarter worth approximately $188,380,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of Citizens Financial Group stock in a transaction on 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 completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Citizens Financial Group Trading Down 0.1%

Shares of NYSE CFG opened at $63.39 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. Citizens Financial Group, Inc. has a 52-week low of $48.31 and a 52-week high of $75.33. The firm has a 50 day moving average price of $68.03 and a two-hundred day moving average price of $67.04. The stock has a market cap of $26.70 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the company posted $1.05 EPS. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Key Stories Impacting Citizens Financial Group

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CFG shares. Stephens increased their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Truist Financial reduced 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. Evercore reiterated an “outperform” rating and set a $78.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 1st. Barclays lifted their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group raised their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.08.

About Citizens Financial Group

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.