Citizens Financial Group, Inc. (CFG) continues to be a popular choice among hedge fund small cap financial stocks, with numerous firms including Quantessence Capital LLC, Capital International CA, and Fuller & Thaler Asset Management purchasing shares. Key institutional investors like Pinebridge Investments and Cadence Bank have decreased their holdings, while others like Tower Research Capital LLC are growing theirs. CFG has opened a Global Capability Center in partnership with Cognizant and appointed Azra Pravdic as Head of Enterprise Strategy. The bank recently completed a US$750 million Senior Notes sale, despite a 12% dip in share price. CFG reported a Q1 net income of $373 million, with a CET1 ratio of 10.6% and LDR of 77.5%. However, the bank's shares have experienced adjusted price targets from Argus, Royal Bank of Canada, Barclays, and Keefe, Bruyette & Woods. This is following the bank's reported Q4 net income of $401 million and a Q1 earnings miss. Despite this, CFG's stock surged by 8.9%, indicative of potential gains in the future.
Citizens Financial Group CFG News Analytics from Wed, 26 Jun 2024 07:00:00 GMT to Sat, 26 Apr 2025 23:30:21 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
