Citigroup Inc. $C Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 7.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,735,115 shares of the company’s stock after selling 137,410 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Citigroup were worth $242,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in Citigroup by 12,834.2% in the second quarter. California State Teachers Retirement System now owns 360,205,535 shares of the company’s stock valued at $50,414,367,000 after acquiring an additional 357,420,622 shares during the period. Geode Capital Management LLC grew its stake in Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after buying an additional 189,548 shares during the last quarter. Franklin Resources Inc. lifted its stake in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after buying an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Citigroup by 2.6% during the fourth 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 during the period. Finally, Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 728,043 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Japan tokenized-deposit expansion: Citi plans to offer blockchain-based tokenized deposit remittance services to Japanese corporate clients by the end of 2026. The initiative would make Citi the first foreign financial institution to provide this type of service in Japan and supports its strategy to grow 24/7 cross-border payments and institutional transaction banking. C Pushes Tokenized Deposits Deeper Into Asia With Japan Expansion
• Positive Sentiment: Turnaround and valuation support: Investor commentary characterizes Citigroup’s restructuring as progressing and argues that the stock’s valuation has not fully reflected the improvement. Separate analyst-focused coverage lists C among large investment banks that have rallied strongly while still appearing attractively valued. Citigroup Gains on Turnaround Momentum
• Neutral Sentiment: Private-bank hiring: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move may support long-term wealth-management growth but is unlikely to materially affect near-term earnings. Citi Private Bank hires Radzinski from Bank of America
• Negative Sentiment: Macroeconomic and fiscal uncertainty: President Trump’s proposed $5,000 dividend could cost more than $1 trillion and faces legal and funding obstacles. Concerns about additional government borrowing and bond-market volatility could pressure interest rates and create a less favorable backdrop for banks, although the proposal is not specific to Citi. Trump promises $5,000 dividend to U.S. citizens

Wall Street Analyst Weigh In

A number of research firms have issued reports on C. Truist Financial reduced their target price on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Weiss Ratings upgraded Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company boosted their price target on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Stock Up 0.4%

C opened at $138.42 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $236.08 billion, a PE ratio of 14.95, a P/E/G ratio of 0.62 and a beta of 1.12. The stock’s fifty day moving average is $135.02 and its 200-day moving average is $128.18. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96.

Citigroup (NYSE:C) last released its 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. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the previous year, the company earned $1.96 earnings per share. Citigroup’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 11.2 EPS for the current fiscal 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 issued 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 dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup’s dividend payout ratio is currently 28.94%.

Citigroup Company Profile

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.