Citizens Financial Group, Inc. $CFG Stock Sold by Axecap Investments LLC

21 Oct 2026, 07:46 by Amy Steele · The Cerbat Gem

Axecap Investments LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 62.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,494 shares of the bank’s stock after selling 31,169 shares during the period. Axecap Investments LLC’s holdings in Citizens Financial Group were worth $1,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in Citizens Financial Group during the second quarter worth approximately $223,386,000. Freestone Grove Partners LP purchased a new stake in Citizens Financial Group in the second quarter valued at approximately $95,642,000. Tidal Investments LLC lifted its stake in Citizens Financial Group by 12.4% in the second quarter. Tidal Investments LLC now owns 145,378 shares of the bank’s stock valued at $10,187,000 after buying an additional 16,000 shares during the last quarter. Junto Capital Management LP boosted its holdings in shares of Citizens Financial Group by 3.3% in the second quarter. Junto Capital Management LP now owns 1,307,340 shares of the bank’s stock valued at $91,605,000 after acquiring an additional 42,248 shares during the period. Finally, Andra AP fonden boosted its holdings in shares of Citizens Financial Group by 94.7% in the second quarter. Andra AP fonden now owns 269,900 shares of the bank’s stock valued at $18,912,000 after acquiring an additional 131,300 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CFG. DA Davidson set a $82.00 target price on shares of Citizens Financial Group in a research report on Monday. Jefferies Financial Group lifted their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. Finally, Citigroup decreased their price target on shares of Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.47.

Get Our Latest Research Report on CFG

Citizens Financial Group Trading Up 2.4%

Shares of CFG stock opened at $64.25 on Wednesday. The company has a market capitalization of $27.06 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $67.66 and its two-hundred day moving average is $67.16. Citizens Financial Group, Inc. has a twelve month low of $49.00 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts forecast that Citizens Financial Group, Inc. will post 5.30 EPS for the current year.

Citizens Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.08 annualized dividend and a yield of 3.2%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio is presently 41.85%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction on 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 owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

About Citizens Financial Group

(Free Report)

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 consumers, small businesses, middle-market companies, large corporations and institutional clients.