SCHEDULE 13G/A: BlackRock Discloses 8.9% Stake in Citizens Financial Group
Beneficial Ownership Report
BlackRock, Inc. has filed an updated Schedule 13G, revealing a beneficial ownership of 8.9% of Citizens Financial Group Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 38,951,734 shares of Citizens Financial Group Inc. common stock.
- This represents 8.9% of the total outstanding common shares of Citizens Financial Group Inc.
- BlackRock holds sole voting power over 35,717,160 shares and sole dispositive power over 38,951,734 shares.
- The filing was made under Rule 13d-1(b), indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Various BlackRock business units and subsidiaries contribute to this aggregate beneficial ownership, with no single entity holding more than 5% individually.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, revoking a previous one from April 30, 2023, to authorize specific individuals to execute SEC and other regulatory filings on its behalf. | 01/21/2025 | Streamlines BlackRock's internal process for regulatory filings, ensuring compliance with ownership and control-person reporting requirements. |
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of Power of Attorney execution by BlackRock, Inc. |
| 03/31/2025 | Date of event requiring the filing of this statement (measurement date for beneficial ownership). |
| 04/17/2025 | Date of filing signature. |
Keywords
BlackRock, Citizens Financial Group, CFG, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, financial services, banking
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