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

Allspring Global Investments Holdings LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 513,090 shares of the bank’s stock after acquiring an additional 8,495 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Citizens Financial Group worth $31,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $2,412,000. Geode Capital Management LLC lifted its holdings in Citizens Financial Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Citizens Financial Group by 45.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock valued at $15,799,000 after purchasing an additional 85,052 shares during the last quarter. Todd Asset Management LLC boosted its position in Citizens Financial Group by 10.6% during the fourth quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock worth $57,914,000 after purchasing an additional 94,774 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Citizens Financial Group by 51.8% in the fourth quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock valued at $3,426,000 after purchasing an additional 20,008 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group News Roundup

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.

Analyst Ratings Changes

Several brokerages have recently weighed in on CFG. Robert W. Baird increased their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday. Cantor Fitzgerald increased their price target on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Evercore restated an “outperform” rating and set a $80.00 price objective on shares of Citizens Financial Group in a research report on Monday, July 6th. Finally, UBS Group boosted their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.85.

Citizens Financial Group Trading Down 0.1%

Shares of CFG stock opened at $72.34 on Monday. The stock has a market cap of $30.59 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.60 and a beta of 0.67. Citizens Financial Group, Inc. has a 1 year low of $45.90 and a 1 year high of $74.70. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $66.42 and a 200 day simple moving average of $63.62.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be given a $0.46 dividend. The ex-dividend date is Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling

In related news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was 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 $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by company insiders.

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.