Investment firm Norden Group LLC recently purchased 21658 shares in Citizens Financial Group, Inc. (CFG). The company's stock performance hasn't been impressive compared to competitors on several trading days. CFG's Q1 2024 earnings show mixed results due to market challenges, while Sumitomo Mitsui Trust Holdings Inc. maintains a $43.93 Million stake in CFG, highlighting their faith in the company. The coming Q2 2024 earnings conference call announcement points to potential opportunities for shareholders.
Despite challenges in the regional banking sector, CFG has received an upgrade. Multiple big-finance entities have invested in CFG, including Diversified Trust Co, Hennion & Walsh Asset Management Inc, and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH. CFG also initiated a significant volume of call options. CFG announced its preliminary Stress Capital Buffer and a $656 million increase in share values, and set a dividend of $0.42.
Citizens Financial Group has raised its price target to $37.00 at Jefferies Financial Group and further increased it to $39.00 at Evercore ISI. It also announced some significant changes in company leadership and plans for redeeming all outstanding depositary shares. The Group also announced a successful capital raise via the preferred retail market.
Citizens Financial Group CFG News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:55:37 GMT - Rating 4 - Innovation 6 - Information 8 - Rumor 5
