Citizens Financial Group Inc. RI Grows Stock Position in Corning Incorporated $GLW

Citizens Financial Group Inc. RI boosted its position in shares of Corning Incorporated (NYSE:GLW) by 973.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 109,934 shares of the electronics maker’s stock after buying an additional 99,692 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Corning were worth $9,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GLW. REAP Financial Group LLC grew its holdings in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Corning during the 2nd quarter worth approximately $28,000. Financial Management Professionals Inc. lifted its stake in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Corning during the 2nd quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Corning in the second quarter worth $38,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GLW shares. Citigroup upped their price target on shares of Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Morgan Stanley boosted their price target on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Mizuho set a $97.00 price objective on Corning in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.36.

Corning Price Performance

GLW opened at $87.84 on Tuesday. The firm has a market capitalization of $75.31 billion, a PE ratio of 55.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00. The business’s 50-day moving average is $86.43 and its two-hundred day moving average is $76.03. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $96.64.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This trade represents a 56.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer directly owned 66,959 shares in the company, valued at $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 156,135 shares of company stock worth $14,088,769 over the last quarter. Company insiders own 0.32% of the company’s stock.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.