BlackRock Amends Citizens Financial Group Stake (13G/A)
Ticker: CFG-PI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 759944
| Field | Detail |
|---|---|
| Company | Citizens Financial Group Inc/Ri (CFG-PI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Citizens Financial Group.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Common Stock in Citizens Financial Group Inc./RI as of December 31, 2023. This amendment (Amendment No. 10) updates BlackRock's passive investment stake in Citizens Financial Group. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding the stock, potentially influencing other investors' perceptions and the stock's liquidity.
Why It Matters
This filing shows BlackRock's updated passive ownership in Citizens Financial Group, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note BlackRock's continued passive stake in Citizens Financial Group, but this routine update doesn't suggest any immediate action beyond monitoring future filings for significant changes in ownership percentage.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Citizens Financial Group Inc./RI (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 10 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 10, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under 'Names of reporting persons' on the cover page of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is CITIZENS FINANCIAL GROUP INC, as indicated under 'Name of Issuer' in the Schedule 13G section.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Citizens Financial Group Inc. is 174610105, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding CITIZENS FINANCIAL GROUP INC/RI (CFG-PI).