Susquehanna Fundamental Investments LLC Buys Shares of 5,500 Citigroup Inc. $C

Susquehanna Fundamental Investments LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,500 shares of the company’s stock, valued at approximately $770,000.

Several other large investors have also made changes to their positions in C. Geode Capital Management LLC lifted its stake in Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after buying an additional 846,772 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Citigroup by 2.8% during 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 buying an additional 728,043 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Citigroup during the 4th quarter worth $2,800,944,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Trending Headlines about 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

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. UBS Group dropped their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Morgan Stanley raised their price target on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. Finally, Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Price Performance

Shares of C opened at $134.38 on Thursday. Citigroup Inc. has a 12-month low of $93.40 and a 12-month high of $147.96. The business has a 50-day simple moving average of $135.47 and a two-hundred day simple moving average of $127.16. 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 stock has a market cap of $229.20 billion, a PE ratio of 14.51, a PEG ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. Analysts anticipate that Citigroup Inc. will post 11.21 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Citigroup declared that its board has initiated a stock buyback plan on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

About Citigroup

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.