Citigroup Inc. $C Stock Holdings Lifted by Andra AP fonden

Andra AP fonden increased its stake in Citigroup Inc. (NYSE:C) by 22.3% during the second quarter, HoldingsChannel.com reports. The fund owned 274,600 shares of the company’s stock after buying an additional 50,100 shares during the period. Andra AP fonden’s holdings in Citigroup were worth $38,433,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after buying an additional 2,913,701 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after acquiring an additional 189,548 shares during the period. Franklin Resources Inc. raised its holdings in shares of Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after acquiring an additional 1,326,224 shares during the period. Fisher Asset Management LLC lifted its position in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after acquiring an additional 846,772 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on C. Evercore set a $143.00 target price on shares of Citigroup in a research note on Monday, July 6th. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, UBS Group reduced their price target on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: CEO Jane Fraser said companies are urgently investing in defenses against AI-enabled cyberattacks. The comments highlight potential demand for cybersecurity-related financial services and reinforce Citi’s positioning in technology and risk management. Citi CEO Says Companies Scrambling to Launch AI Cyber Defenses
• Neutral Sentiment: Fraser is expected to attend a state dinner for Chinese President Xi Jinping alongside other major U.S. executives. The event could provide relationship-building opportunities, but it does not represent a direct earnings catalyst for Citigroup. JPMorgan, Citigroup CEOs attending Trump’s state dinner for China’s Xi
• Neutral Sentiment: Citigroup Global Markets India is managing Mastercard’s planned sale of its Pine Labs stake. The transaction may generate placement fees and demonstrates Citi’s investment-banking activity, but the one-time deal is unlikely to materially affect the bank’s financial results. Pine Labs shares rise after block deal
• Negative Sentiment: A Financial Times investigation reported that a Kremlin-backed forgery scheme moved approximately $6.9 billion through global banks, including Citigroup. Although the report does not establish wrongdoing by Citi, the bank’s involvement could lead to additional regulatory scrutiny, compliance costs and reputational damage. Kremlin-backed forgery scheme moved $6.9bn through global banks

Citigroup Stock Down 2.2%

Shares of Citigroup stock traded down $3.00 during midday trading on Tuesday, reaching $132.05. 5,728,824 shares of the company’s stock traded hands, compared to its average volume of 12,685,754. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52 week low of $93.66 and a 52 week high of $147.96. The company’s 50 day simple moving average is $134.25 and its 200 day simple moving average is $129.31. The company has a market cap of $225.23 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the company posted $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 3rd. 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. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

About Citigroup

Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.