Nissay Asset Management Corp Japan Sells 201,538 Shares of Citigroup Inc. $C

Nissay Asset Management Corp Japan reduced its stake in Citigroup Inc. (NYSE:C) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 754,385 shares of the company’s stock after selling 201,538 shares during the period. Nissay Asset Management Corp Japan’s holdings in Citigroup were worth $105,584,000 as of its most recent filing with the Securities and Exchange Commission.

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s recent quarterly results provide a fundamental cushion: earnings and revenue exceeded analyst expectations, with revenue up 14.5% year over year. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Neutral Sentiment: Citi analyst activity on Oracle, BMW and Forvia reflects the bank’s research and advisory business, but the recommendations are directed at those companies and have little direct impact on Citigroup’s equity value. Oracle Stock Gains Premarket
• Neutral Sentiment: Citigroup entities reported exiting substantial-holder status in Australia’s IDP Education and Healius. These appear to be portfolio or position disclosures rather than changes to Citi’s core business, making the immediate stock impact limited. Citi Group Entities Exit Substantial Holder Status in IDP Education
• Negative Sentiment: The SEC reportedly subpoenaed Citigroup, Goldman Sachs, JPMorgan and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown during an AI-stock sell-off. The probe puts leverage, collateral and counterparty-risk controls under scrutiny; potential fines, litigation costs or tighter lending requirements could weigh on Citi’s profitability, although the ultimate exposure remains unclear. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Citigroup Price Performance

C opened at $132.77 on Friday. Citigroup Inc. has a 1 year low of $92.96 and a 1 year high of $147.96. 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 company has a market capitalization of $226.45 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.60 and a beta of 1.12. The firm’s fifty day moving average price is $136.20 and its two-hundred day moving average price is $126.81.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $23.74 billion. During the same quarter last year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Wells Fargo & Company increased their target price 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 upgraded shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Bank of America boosted their price target on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Evercore set a $143.00 price objective on shares of Citigroup in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Company 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.