Susquehanna Fundamental Investments LLC Makes New $770,000 Investment in Citigroup Inc. $C

Susquehanna Fundamental Investments LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,500 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds also recently made changes to their positions in the company. Cora Capital Advisors LLC lifted its stake in shares of Citigroup by 3.1% in the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after acquiring an additional 78 shares during the period. CFS Investment Advisory Services LLC increased its position in Citigroup by 0.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the period. American Trust raised its holdings in Citigroup by 3.6% during the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares during the last quarter. Invst LLC lifted its position in shares of Citigroup by 0.8% in the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares during the period. Finally, Verus Capital Partners LLC lifted its position in shares of Citigroup by 3.1% in the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock worth $321,000 after purchasing an additional 82 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $134.38 on Thursday. The company has a market cap of $229.20 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 52 week low of $93.40 and a 52 week high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average of $135.47 and a 200-day moving average of $127.16.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. Citigroup’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. On average, equities analysts forecast that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup’s payout ratio is presently 28.94%.

Citigroup announced that its Board of Directors has approved a stock buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Institutional payments technology milestone: Citi said its Services business completed live transactions on Swift’s blockchain-based ledger with First Abu Dhabi Bank and OCBC. The initiative supports always-on, cross-currency payments and strengthens Citi’s positioning in digital infrastructure for global institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger
• Positive Sentiment: Favorable bank-sector rotation: Investors are moving into major banks on expectations that rising rates could support lending returns and net interest income. Citi may also benefit from reduced investor concern about artificial-intelligence disruption compared with technology-heavy sectors. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: Potential cost savings from AI: Citi is using artificial intelligence to review and negotiate outside law-firm billing, potentially lowering legal expenses across capital-markets, compliance and banking operations. Citigroup Uses AI to Push Law Firms on Fees
• Positive Sentiment: Analyst backdrop remains supportive: Citi has outperformed the broader financial sector over the past year, while analysts are described as moderately optimistic. The company also recently reported quarterly EPS of $3.15 versus the $2.74 consensus and revenue of $24.77 billion versus expectations of $23.74 billion. Citigroup Stock: Is C Outperforming the Financial Sector?
• Neutral Sentiment: Regulatory overhang: The U.K. fined Citigroup £4.7 million for breaches related to Russia sanctions. The financial penalty is modest relative to Citi’s size, but the issue highlights ongoing compliance and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Finally, Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.