Citizens Financial Group, Inc. $CFG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,524,511 shares of the bank’s stock after selling 39,463 shares during the period. Bank of New York Mellon Corp’s holdings in Citizens Financial Group were worth $151,395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new position in Citizens Financial Group during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group during the first quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Citizens Financial Group during the fourth quarter worth $29,000. Activest Wealth Management grew its holdings in Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after buying an additional 504 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in Citizens Financial Group in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird lifted their price target on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on shares of Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Jefferies Financial Group lifted their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.85.

Insider Transactions at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Trading Down 0.1%

Shares of CFG stock opened at $72.34 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $30.59 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.60 and a beta of 0.67. The company has a 50-day moving average of $66.42 and a two-hundred day moving average of $63.62. Citizens Financial Group, Inc. has a 1-year low of $45.90 and a 1-year high of $74.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. On average, analysts predict that Citizens Financial Group, Inc. will post 5.25 EPS for the current year.

Citizens Financial Group Dividend Announcement

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

More 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.

Citizens Financial Group 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.