Allspring Global Investments Holdings LLC Acquires 8,495 Shares of Citizens Financial Group, Inc. $CFG

Allspring Global Investments Holdings LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 513,090 shares of the bank’s stock after buying an additional 8,495 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Citizens Financial Group were worth $31,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC increased its position in Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after purchasing an additional 274 shares in the last quarter. Empowered Funds LLC boosted its position in Citizens Financial Group by 6.7% in the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after buying an additional 554 shares in the last quarter. Woodline Partners LP boosted its position in Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after buying an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Citizens Financial Group by 93.4% during the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after buying an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Citizens Financial Group by 5.2% during the second quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock worth $2,934,000 after buying an additional 3,225 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Key Citizens Financial Group News

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Citizens Financial reported better-than-expected Q2 2026 results, with EPS of $1.30 versus $1.25 expected and revenue of $2.28 billion versus $2.25 billion expected, driven by stronger net interest income and fee growth. Reuters article
• Positive Sentiment: The company said net income rose 35% year over year to $587 million and EPS increased 41% year over year, reinforcing momentum in profitability. Business Wire article
• Positive Sentiment: Several analysts raised price targets after the earnings release, including Keefe, Bruyette & Woods to $90, RBC to $79, Barclays to $81, and Baird to $75, signaling improving Wall Street sentiment. Benzinga article
• Positive Sentiment: Analysts also highlighted a raised net interest margin outlook and solid private bank growth, which may support expectations for continued earnings strength. Read More.
• Positive Sentiment: The company declared a quarterly dividend of $0.46 per share, underscoring capital return to shareholders.

Insiders Place Their Bets

In related news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $72.34 on Monday. The business’s 50 day simple moving average is $66.42 and its 200 day simple moving average is $63.62. Citizens Financial Group, Inc. has a one year low of $45.90 and a one year high of $74.70. The stock has a market capitalization of $30.59 billion, a PE ratio of 15.69, a PEG ratio of 0.60 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 5.25 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. Citizens Financial Group’s dividend payout ratio is 39.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CFG. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday. Stephens boosted their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Barclays increased their target price on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday. Finally, DA Davidson lifted their price target on Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $77.85.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.