Citizens Financial Group, Inc. $CFG Stock Acquired by Brown Lisle Cummings Inc.

Key Points

• Brown Lisle Cummings increased its Citizens Financial Group position by 265.9% in the third quarter, reaching 94,865 shares valued at approximately $6.05 million. Institutional investors collectively own 94.9% of CFG’s stock.
• Citizens Financial Group reported third-quarter EPS of $1.41, beating estimates of $1.39 and rising from $1.05 a year earlier; however, revenue of $2.32 billion fell slightly short of expectations, partly due to weaker capital-markets fees.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $79.08 versus the stock’s reported $63.39 price. The company also raised its dividend by 13%, while CEO Bruce Van Saun sold 129,369 shares.

Brown Lisle Cummings Inc. raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 265.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,865 shares of the bank's stock after purchasing an additional 68,940 shares during the period. Citizens Financial Group makes up approximately 1.4% of Brown Lisle Cummings Inc.'s holdings, making the stock its 17th largest holding. Brown Lisle Cummings Inc.'s holdings in Citizens Financial Group were worth $6,049,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Citizens Financial Group in the 2nd quarter worth about $3,415,046,000. Assenagon Asset Management S.A. increased its position in shares of Citizens Financial Group by 1,252.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank's stock valued at $586,883,000 after purchasing an additional 8,523,938 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Citizens Financial Group by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank's stock valued at $282,927,000 after purchasing an additional 28,602 shares during the last quarter. Amundi increased its position in shares of Citizens Financial Group by 31.2% during the 2nd quarter. Amundi now owns 3,685,819 shares of the bank's stock valued at $258,265,000 after purchasing an additional 875,666 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $223,386,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insider Activity at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly owned 1,140,763 shares of the company's stock, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CFG. UBS Group dropped their target price on Citizens Financial Group from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Stephens upped 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, July 17th. TD Cowen started coverage on shares of Citizens Financial Group in a research report on Thursday, October 8th. They set a "buy" rating and a $75.00 price target on the stock. Raymond James Financial reissued a "strong-buy" rating on shares of Citizens Financial Group in a research note on Friday. Finally, DA Davidson reissued a "neutral" rating on shares of Citizens Financial Group in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.08.

Citizens Financial Group Trading Down 0.1%

NYSE:CFG opened at $63.39 on Friday. The company has a fifty day moving average of $68.03 and a 200 day moving average of $67.04. Citizens Financial Group, Inc. has a 52 week low of $48.31 and a 52 week high of $75.33. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $26.70 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $1.05 EPS. On average, research analysts predict that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current 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

Citizens Financial Group Company 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.

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