Corpay, Inc $CPAY Stock: Citizens Financial Group Inc. RI Grows Holdings

Key Points

• Citizens Financial Group increased its Corpay stake by 1,373.1% in the third quarter, bringing its holdings to 15,350 shares valued at approximately $5.5 million. Institutional investors collectively own 98.84% of Corpay’s stock.
• Corpay reported quarterly EPS of $7.00, exceeding estimates of $6.58, while revenue rose 21.5% year over year to $1.34 billion. The company provided fiscal 2026 EPS guidance of $27.15 to $27.55.
• Analysts maintain a favorable outlook, with 12 Buy ratings and three Holds, an average “Moderate Buy” rating, and an average price target of $438.93 versus the stock’s reported $408.95 price. Insiders, however, sold roughly $91.4 million of shares over the past three months.

Citizens Financial Group Inc. RI grew its stake in Corpay, Inc (NYSE:CPAY - Free Report) by 1,373.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,350 shares of the corporate payments company's stock after buying an additional 14,308 shares during the period. Citizens Financial Group Inc. RI's holdings in Corpay were worth $5,521,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Spruce House Investment Management LLC lifted its position in Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company's stock worth $256,071,000 after purchasing an additional 50,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Corpay by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company's stock worth $227,695,000 after purchasing an additional 23,646 shares in the last quarter. Hawk Ridge Capital Management LP boosted its position in Corpay by 20.5% in the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company's stock valued at $154,859,000 after buying an additional 90,360 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Corpay in the 2nd quarter worth approximately $107,805,000. Finally, Bank of America Corp DE grew its position in Corpay by 0.6% during the 1st quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company's stock worth $105,950,000 after acquiring an additional 2,131 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Stock Up 0.1%

Corpay stock opened at $408.95 on Monday. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $427.46. The firm has a market capitalization of $26.85 billion, a PE ratio of 24.89, a P/E/G ratio of 1.12 and a beta of 0.89. The company's 50-day moving average is $404.60 and its 200-day moving average is $372.84. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $5.13 EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts anticipate that Corpay, Inc will post 25.79 earnings per share for the current year.

Insider Transactions at Corpay

In other Corpay news, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director directly owned 21,241 shares of the company's stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer directly owned 2,354,330 shares in the company, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CPAY. Cantor Fitzgerald raised their price target on shares of Corpay from $415.00 to $480.00 and gave the company an "overweight" rating in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Raymond James Financial restated an "outperform" rating and set a $442.00 target price on shares of Corpay in a research report on Thursday, August 6th. Weiss Ratings raised shares of Corpay from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, Morgan Stanley set a $455.00 target price on Corpay in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average target price of $438.93.

Corpay Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.