Wed Sep 11 09:44:44 UTC 2024: ## Candriam S.C.A. Reduces Holdings in Citizens Financial Group

**New York, NY** – Candriam S.C.A., a prominent investment firm, has trimmed its stake in Citizens Financial Group, Inc. (NYSE: CFG) by 6% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now holds 51,389 shares of the bank, valued at $1,851,000.

This move follows a trend of institutional investors adjusting their positions in Citizens Financial Group. Innealta Capital LLC initiated a new position in the company during the second quarter, while Versant Capital Management Inc. significantly increased its stake by 262.8%. Private Ocean LLC and Quarry LP also boosted their holdings in the bank.

Meanwhile, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group on July 25th, reducing his stake to 33,620 shares.

Despite the mixed investor activity, Citizens Financial Group reported $0.78 earnings per share for the second quarter, slightly missing analysts’ expectations of $0.79. The bank’s revenue reached $1.96 billion, exceeding estimates of $1.95 billion.

The company also declared a quarterly dividend of $0.42 per share, payable on August 14th, representing a 4.20% dividend yield.

Citizens Financial Group is a major provider of retail and commercial banking services in the United States, operating through its Consumer Banking and Commercial Banking segments.

Institutional investors currently own 94.90% of the company’s stock. Shares of Citizens Financial Group opened at $40.00 on Wednesday.

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