Ninety One UK 13F: Cuts Citizens Financial (CFG) Stake by $110M

Ninety One UK reduced its exposure to Citizens Financial Group, Inc. NYSE:CFG, cutting its stake by 1,727,737 shares during the period covered in an October 15, 2026, SEC filing. The adjustment lowered the firm's position by 22.0% to 6,123,720 shares. Based on the data, the remaining holding was valued at approximately $390.4 million. Keep in mind that 13F filings are backward-looking documents that reveal holdings as of the close of the reporting quarter and may not reflect the investor's present stance.

Other Institutional Activity in Citizens Financial Group

Other major institutional managers made varying adjustments to their positions in Citizens Financial Group during the reporting window. Blackrock Inc. grew its holdings by 2,036,183 shares, ending with 48,737,629 shares worth about $3.1 billion, which worked out to a 4.4% increase. Vanguard Capital Management LLC added 42,982 shares, a 0.2% increase that brought its stake to 26,906,653 shares valued at about $1.7 billion. On the other hand, Capital World Investors trimmed 4,634,863 shares, or 16.6% of its position, leaving it with 23,269,185 shares worth about $1.5 billion. Invesco Ltd. reduced its stake by 772,651 shares, a 3.4% drop to finish with 22,154,682 shares valued at approximately $1.4 billion. Meanwhile, State Street Corporation boosted its holdings by 978,685 shares, growing its stake 4.8% to 21,241,311 shares worth roughly $1.3 billion.

Citizens Financial Group, Inc. Stock Up 0.4%

The regional bank's shares recently traded around $63.66 as of October 16, 2026. That price puts the stock 6.7% below its 50-day moving average of $68.25 and 2.6% below its 200-day moving average of $65.35. The stock is down 15.5% from its 52-week high of $75.33, though it remains 31.8% above its 52-week low of $48.31.

Recent Earnings

Citizens Financial Group reported $8.16 billion in trailing-twelve-month revenue alongside $4.59 in trailing earnings per share. The bank posted a net profit margin of 26.1% and a return on equity of 8.3%.

Dividend

Citizens Financial Group pays an annual dividend rate of $1.84 per share, translating to a dividend yield of 2.9%. The company allocates 39.2% of its earnings toward dividend payouts.

Insider Buying and Selling at Citizens Financial Group, Inc.

Company insiders also made stock transactions ahead of the filing. Michelle Moosally sold 6,050 shares on May 12, 2026, at an average price of $62.16 for a total value of $376,068. Later, Chief Executive Officer Saun Bruce W Van sold 129,369 shares on July 24, 2026, at an average price of $72.07, totaling roughly $9.3 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 28, 2026, Morgan Stanley maintained its Overweight rating with a price target of $89.00. Evercore ISI Group kept an Outperform rating on October 1, 2026, while lowering its target from $85.00 to $78.00. JP Morgan maintained an Overweight rating on October 2, 2026, adjusting its target down from $78.00 to $72.50. UBS maintained a Buy rating on October 5, 2026, lowering its target from $82.00 to $77.00. Cantor Fitzgerald maintained an Overweight rating on October 14, 2026, setting a target of $78.00 down from $84.00. Across the broader analyst community, the stock carries a consensus Buy rating and a mean price target of $78.29 based on 19 opinions.

About Citizens Financial Group

Citizens Financial Group operates as a bank holding company offering retail and commercial banking services to individuals, small businesses, and large corporations. Headquartered in Providence, Rhode Island, the institution serves customers through consumer and commercial banking segments.

Bottom Line

Ninety One UK's reduction in Citizens Financial Group comes amid shifting institutional sentiment and evolving analyst targets for the regional bank. Investors will watch upcoming earnings reports and future 13F filings to see if other asset managers follow suit.