Bank of New York Mellon Corp Sells 39,463 Shares of Citizens Financial Group, Inc. $CFG

Bank of New York Mellon Corp decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned about 0.59% of Citizens Financial Group worth $151,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CFG. Geneos Wealth Management Inc. lifted its position in Citizens Financial Group by 183.9% during the first quarter. Geneos Wealth Management Inc. now owns 775 shares of the bank’s stock valued at $46,000 after acquiring an additional 502 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Citizens Financial Group by 12.4% during the first quarter. Sanctuary Advisors LLC now owns 55,768 shares of the bank’s stock worth $3,344,000 after purchasing an additional 6,168 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Citizens Financial Group by 33.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,821 shares of the bank’s stock valued at $289,000 after purchasing an additional 1,215 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Citizens Financial Group by 80.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,896 shares of the bank’s stock valued at $713,000 after purchasing an additional 5,296 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Citizens Financial Group in the 1st quarter worth $229,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CFG shares. Evercore reaffirmed an “outperform” rating and set a $80.00 target price on shares of Citizens Financial Group in a research report on Monday, July 6th. Cantor Fitzgerald raised their price target on Citizens Financial Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. DA Davidson boosted their price target on Citizens Financial Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Friday. Finally, Stephens raised their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.85.

Key Stories Impacting Citizens Financial Group

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 Stock Down 0.1%

CFG stock opened at $72.34 on Monday. The firm has a market cap of $30.59 billion, a PE ratio of 15.69, a P/E/G ratio of 0.60 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The firm’s fifty day moving average is $66.42 and its 200 day 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.

Citizens Financial Group (NYSE:CFG) last announced its quarterly 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 analyst estimates of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.Citizens Financial Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. On average, research analysts forecast that Citizens Financial Group, Inc. will post 5.25 EPS for the current year.

Citizens Financial Group Announces Dividend

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

Insider Activity at Citizens Financial Group

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 completion of the sale, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is 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.