Citigroup Inc. $C Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in Citigroup Inc. (NYSE:C) by 2,401.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,553 shares of the company’s stock after acquiring an additional 6,291 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Citigroup were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Citigroup by 1.8% during the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after acquiring an additional 79 shares during the last quarter. American Trust raised its holdings in shares of Citigroup by 3.6% in the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares during the period. Invst LLC lifted its stake in shares of Citigroup by 0.8% in the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after purchasing an additional 80 shares in the last quarter. Tsfg LLC lifted its stake in shares of Citigroup by 4.9% in the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock valued at $238,000 after purchasing an additional 80 shares in the last quarter. Finally, Somerset Trust Co lifted its stake in shares of Citigroup by 0.6% in the 2nd quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock valued at $2,093,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Recent Citigroup Headlines

Investors following C have been watching these headlines:

• Positive Sentiment: Citi is redesigning 100 processes as it adopts AI, a potentially meaningful efficiency initiative. The accompanying survey found only 13% of banking professionals say their institutions typically redesign workflows end to end when adopting AI, suggesting Citi’s effort could help distinguish its transformation if it delivers results. Exclusive research: Citi is redesigning 100 processes. What’s stopping others?
• Positive Sentiment: Analyst commentary points to Citi trading at a discount to the industry, with an improving earnings outlook and ongoing business transformation—factors that could support the investment case, though the article does not identify a new company announcement. C Trades at a Discount to Industry: Right Time to Buy the Stock?
• Neutral Sentiment: Citi will redeem $1 billion of its 4.15% Series Y preferred stock, ending dividend accrual on November 15. The move simplifies its capital structure, but the report does not establish a material effect on common-share earnings or capital. Citigroup (C) Redeems Preferred Stock

Citigroup Trading Down 0.1%

NYSE C opened at $124.09 on Friday. The company’s fifty day simple moving average is $128.15 and its 200-day simple moving average is $126.77. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.78. The stock has a market cap of $211.65 billion, a P/E ratio of 12.11, a PEG ratio of 0.55 and a beta of 1.18.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. Equities research analysts predict that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Citigroup from $147.00 to $148.50 and gave the stock an “overweight” rating in a report on Friday, October 30th. Loop Capital set a $155.00 price target on shares of Citigroup in a report on Tuesday, October 13th. UBS Group set a $148.00 price target on shares of Citigroup in a research report on Wednesday, October 14th. Evercore set a $135.00 price objective on shares of Citigroup in a research note on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.87.

Citigroup Company Profile

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.