Rafferty Asset Management Trims Stake in Citizens Financial Group

The institutional investor reduced its holdings in the bank's stock by 13.7% in the third quarter.

Mar. 3, 2026 at 12:39am

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Rafferty Asset Management LLC, an institutional investor, trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 13.7% in the third quarter. The firm now owns 355,396 shares of the bank's stock, valued at $18.89 million as of its most recent SEC filing.

Why it matters

This filing provides insight into the investment decisions of Rafferty Asset Management, a notable institutional investor. Changes in large shareholders' positions can signal broader market trends or shifts in sentiment around a particular stock.

The details

According to the filing, Rafferty Asset Management sold 56,588 shares of Citizens Financial Group during the third quarter, reducing its total stake to 355,396 shares. The firm now owns 0.08% of the bank's outstanding stock.

  • Rafferty Asset Management filed the report in the third quarter of 2026.

The players

Rafferty Asset Management LLC

An institutional investment firm that manages a portfolio of assets, including shares in Citizens Financial Group.

Citizens Financial Group, Inc.

A bank holding company that provides a range of banking and financial services to individuals, businesses, and institutions.

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The takeaway

This filing highlights the shifting investment strategies of major institutional players like Rafferty Asset Management. While the reasons behind the firm's decision to trim its Citizens Financial Group holdings are not explicitly stated, such changes in large shareholder positions can provide valuable insights into broader market trends and investor sentiment.