Citizens Financial Group, Inc. $CFG Holdings Lifted by IFP Advisors Inc

IFP Advisors Inc boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2,464.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 254,996 shares of the bank’s stock after purchasing an additional 245,051 shares during the period. IFP Advisors Inc’s holdings in Citizens Financial Group were worth $16,259,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CFG. BlackRock Inc. bought a new position in shares of Citizens Financial Group during the 2nd quarter worth approximately $3,415,046,000. Assenagon Asset Management S.A. boosted 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 buying an additional 8,523,938 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Citizens Financial Group by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after buying an additional 28,602 shares during the last quarter. Amundi grew its holdings in shares of Citizens Financial Group by 31.2% in the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock valued at $258,265,000 after acquiring an additional 875,666 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Citizens Financial Group in the second quarter valued at approximately $223,386,000. 94.90% of the stock is owned by institutional investors.

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

Insider Activity

In related news, CEO Bruce Van Saun sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Argus set a $80.00 price target on Citizens Financial Group in a report on Wednesday, July 29th. Robert W. Baird boosted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Royal Bank Of Canada boosted their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Evercore restated an “outperform” rating and issued a $78.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.08.

Citizens Financial Group Stock Performance

NYSE CFG opened at $63.39 on Friday. Citizens Financial Group, Inc. has a 52-week low of $48.31 and a 52-week high of $75.33. The company has a 50-day simple moving average of $68.03 and a 200 day simple moving average of $67.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $26.70 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating 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 firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the company earned $1.05 earnings per share. On average, research analysts predict that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Citizens Financial Group Company 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.