Impax Asset Management Group plc sold a significant portion of its stake in Citizens Financial Group, decreasing by 192,241 shares. However, many firms like Sumitomo Mitsui DS Asset Management Company Ltd, and Mirae Asset Global Investments Co. Ltd, among others, increased their holding in the company. Peachtree Investment Advisors LLC and Churchill Management Corp also got new positions in CFG.
In other updates, Citigroup has raised its price target for Citizens Financial to $57 from $51. The company's Q1 2025 earnings beat analyst expectations suggesting robust financial performance. The depth of their leadership team is also hailed with their recent appointments in key executive roles, demonstrating adaptability in an evolving marketplace.
The company recently announced an increased common share repurchase authorization to $1.5 billion, which sent the stock soaring. Despite some institutional shareholders selling stakes in Citizens Financial, many are buying or increasing their positions which clearly underlines the confidence in the firm's overall performance and future outlook.
Citizens Financial Group CFG News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 05 Jul 2025 11:05:11 GMT - Rating 8 - Innovation 7 - Information 6 - Rumor 9
