Get trade alerts

First Citizens Bank & Trust 13F: Cuts CSGP Stake by $8.8M

The bank cut its stake in CoStar Group by nearly 88%, selling over 319,000 shares.

By · Published · Updated

Reviewed by automated data checks against the source filing. How we make and check alerts

First Citizens Bank & Trust sold 319,558 shares from its stake in CoStar Group, Inc. ($CSGP), an 87.97% decrease, according to a 13F filing with the SEC dated October 14, 2026. It reported 43,690 shares worth $1.20 million at the end of the quarter.

Since the filing, $CSGP is up 7.3% to date (from the $30.11 close on Oct 14, 2026).

Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR

CSGP CoStar Group, Inc.
$32.31 -50.81% year to date
Daily close · Oct 16, 2026

Key Points

  • First Citizens Bank & Trust reduced its stake in CoStar Group by 87.97%, selling 319,558 shares and leaving 43,690 shares valued at $1.2 million.
  • CoStar Group, traded on NasdaqGS under CSGP, has a market cap of $12.97 billion and a forward P/E of 18.05, with a 52-week range of $25.89 to $79.08.
  • CoStar Group serves the real estate sector with information and analytics services, headquartered in Arlington, Virginia.

Get $CSGP trade alerts by text

We text you when insiders, Congress or big funds trade $CSGP. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CoStar Group, Inc. alert may contain errors. Disclosures

First Citizens Bank & Trust made a major move in its holdings of CoStar Group, Inc. (NasdaqGS: CSGP) by cutting its stake by nearly 88%. According to the latest Form 13F filing with the SEC, the bank sold 319,558 shares, reducing its position to 43,690 shares valued at about $1.2 million. This filing reflects holdings as of the reporting period and may not represent the investor's current position.

13F track record

First Citizens Bank & Trust vs. the S&P 500

YTD return +4.17% hypothetical
All-time return +4.17% S&P 500 +4.11%
vs. S&P 500 +0.06% ahead of the index

Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.

What Changed in First Citizens Bank & Trust's CoStar Group Position

First Citizens Bank & Trust reduced its position in CoStar Group by 87.97%, selling 319,558 shares. The bank now holds 43,690 shares, which are worth approximately $1.2 million. Previously, the bank held 363,248 shares in the company.

CoStar Group, Inc. Stock Up 5.6%

Shares of CoStar Group, traded on the NasdaqGS under the ticker CSGP, have been fluctuating in a 52-week range between $25.89 and $79.08. The company, with a market cap of $12.97 billion, boasts a forward P/E ratio of 18.05, indicating expectations of future earnings growth. CoStar's beta is 0.796, suggesting it is less volatile than the broader market. The stock's 50-day moving average is $30.25, while the 200-day moving average stands at $38.42.

Recent Earnings

CoStar Group reported revenue of $3.56 billion, experiencing a growth rate of 18.4%. The company's net margin is 2.08%, and its return on equity (ROE) is 0.894%. The next earnings report is expected on October 27, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

F 31/100

Reported Apr 28, 2026

  1. Forward outlook

    8 target cuts vs 0 raises.

  2. EPS & revenue

    EPS beat estimates by 22.5%. Revenue missed estimates by 1.9%.

  3. Profit surprise

    EBITDA missed by 25 percent. Operating income missed by 68 percent.

  4. Pre-earnings setup

    Bar was high, analysts already very bullish.

  5. Analyst signal

    8 target cuts.

  6. Earnings quality

    Gross margin down 0.9 points. Operating margin up 6.2 points. Positive free cash flow.

Earnings Call Summary

CoStar delivered strong Q1 results with revenue of $897 million, up 23 percent year over year, and adjusted EBITDA of $132 million, doubling the prior year quarter. The Homes.com business accelerated with 35,175 agent members generating an average 11x return on subscription investment, while Apartments.com grew 10 percent and added significant Matterport tours. Management emphasized that activist distraction is behind them and they are confident in executing their growth and profitability targets through 2030.

Guidance Company reaffirmed full year revenue of $3.78 billion to $3.82 billion and raised adjusted EBITDA guidance to $780 million to $820 million. For the second quarter, they expect revenue of $922 million to $932 million and adjusted EBITDA of $160 million to $180 million, with Residential reaching profitability.

Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.

About CoStar Group

CoStar Group, Inc. is a leading provider of information, analytics, and online marketplace services for the real estate sector. Headquartered in Arlington, Virginia, the company offers a range of products including property inventories, leasing data, and real estate sales transactions. It serves a diverse clientele across the United States and internationally, helping stakeholders like brokers, property owners, and government agencies make informed decisions. The company was founded in 1986 and is led by CEO Andrew C. Florance.

Bottom Line

First Citizens Bank & Trust's substantial reduction in its CoStar Group stake is a notable move in the institutional investment landscape. Investors often track such filings to gauge the confidence level of major stakeholders. As always, it's important to remember that 13F filings are backward-looking and may not reflect the current position.

Related Filing Alerts

Source: First Citizens Bank & Trust's 13F filing on $CSGP (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts

Get $CSGP trade alerts by text