Union Savings Bank Acquires Stake in Citizens Financial Group
What happened
Union Savings Bank purchased 9,539 shares of Citizens Financial Group in the third quarter, a transaction valued at approximately $608,000. This purchase was reported in the company's most recent filing with the Securities and Exchange Commission.
From dailypolitical.com
Why it matters
The purchase contributes to the high level of institutional ownership in Citizens Financial Group, which is currently held by 94.90% of investors. This transaction follows recent buying activity by other large institutional investors, such as BlackRock Inc. and Bank of America Corp DE.
From dailypolitical.com
Who's involved
- Union Savings BankPurchased a new stake in Citizens Financial Group shares.
- Citizens Financial GroupThe company whose shares were purchased by Union Savings Bank.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Citizens Financial GroupSpeculative
Citizens Financial Group might see increased demand and support for its shares due to the new institutional investment.
- Union Savings BankSpeculative
Union Savings Bank could deploy direct capital for the investment purchase of Citizens Financial Group stock.
Keep exploring
The entities involved
-
Union Savings Bank
bank headquartered in Cincinnati, Ohio
-
Citizens Financial Group
American bank headquartered in Providence, Rhode Island