Citizens Financial Group, Inc. $CFG Stock: New England Research & Management Inc. Raises Stake

New England Research & Management Inc. raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 69.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,707 shares of the bank’s stock after buying an additional 15,475 shares during the quarter. New England Research & Management Inc.’s holdings in Citizens Financial Group were worth $2,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its stake in Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after acquiring an additional 323 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Citizens Financial Group in the first quarter worth $27,000. Keating Financial Advisory Services Inc. bought a new stake in Citizens Financial Group in the second quarter valued at $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Citizens Financial Group in the fourth quarter valued at $29,000. Finally, Virtus Advisers LLC acquired a new position in shares of Citizens Financial Group during the second quarter valued at about $35,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Down 0.1%

CFG traded down $0.04 during trading on Friday, hitting $63.39. 9,449,449 shares of the company’s stock were exchanged, compared to its average volume of 4,404,958. Citizens Financial Group, Inc. has a fifty-two week low of $48.31 and a fifty-two week high of $75.33. The stock has a market cap of $26.70 billion, a P/E ratio of 13.75, a PEG ratio of 0.58 and a beta of 0.72. The business’s 50 day moving average is $68.03 and its two-hundred day moving average is $67.04. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Evercore restated an “outperform” rating and issued a $78.00 target price on shares of Citizens Financial Group in a research note on Thursday, October 1st. Argus set a $80.00 target price on Citizens Financial Group in a research report on Wednesday, July 29th. Cantor Fitzgerald decreased their target price on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Stephens upped their price target on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.08.

Insider Buying and Selling at Citizens Financial Group

In related news, CEO Bruce Van Saun sold 129,369 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group 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.