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Capital Investment Counsel LLC has significantly adjusted its portfolio, acquiring 65,344 shares of Citizens Financial Group (CFG) valued at approximately $3.82 million. This move into CFG follows a strong performance where the group reported an EPS of $1.13, beating the estimated $1.10 amid a 12% revenue growth. Conversely, the firm slashed its stake in Union Pacific Corporation (UNP) by 94.3%, selling 22,286 shares. Despite UNP also beating earnings expectations, the near-total exit appears driven by concerns over regulatory hurdles and insider selling activity. These transactions highlight a strategic shift toward financial assets showing positive momentum. Market participants are now observing how these institutional rebalancings will impact the short-term price stability of both instruments.
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