Citigroup Inc. $C Stake Increased by Andra AP fonden

Andra AP fonden boosted its stake in Citigroup Inc. (NYSE:C) by 22.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,600 shares of the company’s stock after acquiring 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 hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the last quarter. Geode Capital Management LLC increased its holdings in Citigroup by 0.4% in 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 buying an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 raised its stake in 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 buying an additional 846,772 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Citigroup during the second quarter valued at approximately $3,244,602,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C traded down $3.00 during midday trading on Tuesday, reaching $132.05. 5,728,824 shares of the company traded hands, compared to its average volume of 12,685,754. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a twelve month low of $93.66 and a twelve month high of $147.96. The company has a fifty day moving average price of $134.25 and a 200 day moving average price of $129.31. The firm has a market capitalization 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 posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $23.74 billion. During the same period in the previous year, the business posted $1.96 EPS. Citigroup’s revenue was up 14.5% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a 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 28.94%.

Citigroup News Roundup

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

Analyst Ratings Changes

Several brokerages have recently commented on C. Wells Fargo & Company lifted their target price on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Evercore set a $143.00 price target on Citigroup in a research report on Monday, July 6th. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.22.

Citigroup 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.