Citizens Financial Group, Inc. $CFG Position Raised by Goelzer Investment Management Inc.

17 Oct 2026, 08:09 by Tristan Rich · The Markets Daily

Goelzer Investment Management Inc. grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 111.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 315,839 shares of the bank’s stock after buying an additional 166,391 shares during the period. Citizens Financial Group accounts for about 0.9% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Goelzer Investment Management Inc. owned 0.07% of Citizens Financial Group worth $20,138,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Iams Wealth Management LLC boosted its holdings in shares of Citizens Financial Group by 50.5% in the third quarter. Iams Wealth Management LLC now owns 10,679 shares of the bank’s stock valued at $681,000 after acquiring an additional 3,584 shares in the last quarter. NFSG Corp lifted its holdings in shares of Citizens Financial Group by 1,894.0% in the third quarter. NFSG Corp now owns 11,386 shares of the bank’s stock valued at $726,000 after buying an additional 10,815 shares during the period. V Square Quantitative Management LLC boosted its stake in Citizens Financial Group by 3.3% during the third quarter. V Square Quantitative Management LLC now owns 13,493 shares of the bank’s stock valued at $860,000 after buying an additional 427 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in Citizens Financial Group by 1.1% during the third quarter. Triasima Portfolio Management inc. now owns 93,464 shares of the bank’s stock worth $5,959,000 after acquiring an additional 1,035 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Citizens Financial Group by 1,252.4% in the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after acquiring an additional 8,523,938 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the firm’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 trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CFG shares. Raymond James Financial restated a “strong-buy” rating on shares of Citizens Financial Group in a research report on Friday. Citigroup lifted their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. UBS Group cut their target price on shares of Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Royal Bank Of Canada lifted their target price on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $79.08.

Get Our Latest Stock Analysis on CFG

More Citizens Financial Group News

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 Stock Performance

Shares of NYSE CFG opened at $63.39 on Friday. The business’s 50-day simple moving average is $68.03 and its 200-day simple moving average is $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 debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market cap of $26.70 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its quarterly earnings data on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current fiscal year.

Citizens Financial Group Company Profile

(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 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.