938,979 Shares of Citizens Financial Group, Inc. $CFG Bought by Foundation Resource Management Inc.

19 Oct 2026, 19:45 by Doug Wharley · The Cerbat Gem

Foundation Resource Management Inc. purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 938,979 shares of the bank’s stock, valued at approximately $59,869,000. Citizens Financial Group comprises approximately 5.0% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Foundation Resource Management Inc. owned approximately 0.22% of Citizens Financial Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its stake in shares of Citizens Financial Group by 319.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after purchasing an additional 323 shares during the period. Cedar Mountain Advisors LLC purchased a new position in shares of Citizens Financial Group in the 1st quarter worth about $27,000. Keating Financial Advisory Services Inc. bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at approximately $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $29,000. Finally, Virtus Advisers LLC purchased a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $35,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

CFG traded down $0.66 during trading on Monday, reaching $62.70. 7,835,547 shares of the company were exchanged, compared to its average volume of 4,635,413. The company’s 50-day moving average is $68.03 and its two-hundred day moving average is $67.11. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.58 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a 12-month low of $49.00 and a 12-month high of $75.33.

Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.34 billion. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. During the same quarter in the previous year, the firm earned $1.05 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. Citizens Financial Group’s payout ratio is currently 37.02%.

Wall Street Analyst Weigh In

CFG has been the topic of several research analyst reports. Evercore reiterated an “outperform” rating and issued a $78.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 1st. JPMorgan Chase & Co. reduced their price objective on Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Argus set a $80.00 target price on Citizens Financial Group in a research report on Wednesday, July 29th. Raymond James Financial reissued a “strong-buy” rating on shares of Citizens Financial Group in a report on Friday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.58.

Read Our Latest Stock Report on Citizens Financial Group

Insider Activity

In other news, CEO Bruce Van Saun sold 129,369 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

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