Van ECK Associates Corp Sells 7,068 Shares of Citigroup Inc. $C

Van ECK Associates Corp reduced its stake in shares of Citigroup Inc. (NYSE:C) by 8.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,248 shares of the company’s stock after selling 7,068 shares during the quarter. Van ECK Associates Corp’s holdings in Citigroup were worth $11,092,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Citigroup in the fourth quarter valued at approximately $2,800,944,000. Bank of New York Mellon Corp purchased a new position in Citigroup during the 2nd quarter worth approximately $3,244,602,000. Eurizon Capital SGR S.p.A. purchased a new position in Citigroup during the 4th quarter worth approximately $298,082,000. SEB Asset Management AB acquired a new stake in Citigroup during the 1st quarter valued at approximately $252,972,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in Citigroup by 1,137.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after acquiring an additional 1,691,611 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upped their price target on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Truist Financial cut their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Finally, Morgan Stanley boosted their price objective on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Citigroup Price Performance

NYSE:C opened at $131.61 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $224.47 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The company has a 50 day moving average price of $135.91 and a 200-day moving average price of $126.89. Citigroup Inc. has a 1-year low of $92.96 and a 1-year high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings results 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. The firm 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%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 11.21 EPS for the current year.

Citigroup Increases Dividend

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

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

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup, signaling improving confidence in the bank’s earnings outlook. The revision could support investor sentiment, particularly following Citigroup’s recent quarterly earnings beat and 14.5% year-over-year revenue growth. Citigroup FY2026 EPS Forecast Raised by Erste Group Bank
• Neutral Sentiment: Citi research highlights energy infrastructure growth: Citi analysts said the Permian Basin may be entering a multiyear natural-gas infrastructure expansion supported by more durable demand. The report may benefit Citi’s research and investment-banking franchise, but it has no direct material effect on Citigroup’s own near-term financial results. Citi sees Permian Basin entering multi-year natural gas growth cycle
• Neutral Sentiment: Additional analyst activity: Citi maintained a Buy rating on India’s Indraprastha Gas after a compressed-natural-gas price increase and turned bullish on Oracle’s cloud and artificial-intelligence prospects. These recommendations demonstrate ongoing research activity but are not direct catalysts for Citigroup stock. IGL shares jump after CNG price hike Why Citi Analysts Are Bullish on Oracle Stock Now

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.