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Vinva Investment Management Ltd Increases Stake in Citizens Financial Group, Inc. $CFG
Vinva Investment Management Ltd significantly increased its stake in Citizens Financial Group (CFG) by 19.2% in the third quarter, bringing its total holdings to 563,386 shares valued at approximately $30.23 million. This comes as institutional investors now own about 94.9% of the bank’s stock. Citizens Financial Group reported strong quarterly results, beating EPS estimates and showing an 8.6% year-over-year revenue increase, with analysts maintaining a “Moderate Buy” consensus rating and an average target price of $69.73.