Citigroup Inc. $C Stock: Eurizon Capital SGR S.p.A. Raises Holdings

Eurizon Capital SGR S.p.A. grew its position in Citigroup Inc. (NYSE:C) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,407,078 shares of the company’s stock after purchasing an additional 440,339 shares during the quarter. Citigroup makes up about 0.8% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 21st largest position. Eurizon Capital SGR S.p.A.’s holdings in Citigroup were worth $312,513,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in Citigroup during the 2nd quarter worth about $898,000. Andra AP fonden raised its position in shares of Citigroup by 22.3% in the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after acquiring an additional 50,100 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Citigroup by 30.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock valued at $18,467,000 after purchasing an additional 31,007 shares during the period. Saudi Central Bank lifted its stake in shares of Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock valued at $16,710,000 after purchasing an additional 53,348 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Citigroup by 11.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 233,093 shares of the company’s stock valued at $30,181,000 after purchasing an additional 23,870 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Citigroup

These are some of the C headlines that stood out recently:

• 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
• Neutral Sentiment: A post-earnings update says shares were up 1.6% since Citi’s latest report and points investors to earnings estimates for clues about future performance; it offers no fresh results or guidance. Citigroup (C) Up 1.6% Since Last Earnings Report: Can It Continue?

Citigroup Trading Down 0.1%

NYSE:C opened at $124.09 on Friday. Citigroup Inc. has a 12 month low of $95.83 and a 12 month 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 capitalization of $211.65 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.55 and a beta of 1.18. The firm has a fifty day simple moving average of $128.15 and a two-hundred day simple moving average of $126.77.

Citigroup (NYSE:C) last announced its quarterly earnings data 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. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

C has been the topic of several research analyst reports. TD Cowen cut their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a report on Wednesday, October 14th. Loop Capital set a $155.00 price target on Citigroup in a research note on Tuesday, October 13th. Royal Bank Of Canada dropped their price target on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Finally, Evercore set a $135.00 price target on Citigroup in a report on Wednesday, October 14th. One investment 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 company. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $150.87.

About Citigroup

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.