Citigroup Inc. $C Stock Sold by BDF Gestion

BDF Gestion cut its position in shares of Citigroup Inc. (NYSE:C) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,296 shares of the company’s stock after selling 5,111 shares during the quarter. BDF Gestion’s holdings in Citigroup were worth $5,218,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Whipplewood Advisors LLC acquired a new position in shares of Citigroup in the 1st quarter worth approximately $25,000. Paladin Partners LLC bought a new stake in shares of Citigroup during the 2nd quarter worth $27,000. IMG Wealth Management Inc. raised its position in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares during the period. Scarborough Advisors LLC purchased a new stake in Citigroup during the first quarter valued at about $29,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Citigroup during the second quarter valued at approximately $29,000. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. TD Cowen decreased their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital set a $155.00 price target on Citigroup in a report on Tuesday, October 13th. JPMorgan Chase & Co. lowered their price target on Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Finally, HSBC assumed coverage on Citigroup in a research report on Monday, September 28th. They set a “buy” rating and a $164.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.79.

Citigroup Stock Performance

Shares of NYSE C traded down $1.58 during trading hours on Monday, hitting $122.68. 2,371,258 shares of the stock were exchanged, compared to its average volume of 12,406,832. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The company’s 50 day moving average is $132.74 and its 200 day moving average is $131.94. The firm has a market capitalization of $209.23 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.55 and a beta of 1.13. Citigroup Inc. has a one year low of $95.00 and a one year high of $147.96.

Citigroup (NYSE:C) last posted 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. The company had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. On average, research analysts expect that Citigroup Inc. will post 11.39 EPS for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. officials are reportedly pressing China to improve market access for Mastercard and Citigroup. Greater access could expand Citi’s payments and banking opportunities in China, although the report provides no details on timing or concessions. US Officials Press China On Market Access Issues For Mastercard And Citigroup
• Positive Sentiment: Investor-focused coverage remains constructive after Citi’s third-quarter earnings beat. The bank reported $2.85 in EPS versus a $2.66 consensus estimate, $23.85 billion in revenue, and $5.2 billion in net income; revenue increased 7.9% year over year. Analysts characterize the quarter as the company’s strongest third quarter in a decade, supporting the view that Citi’s shares may be attractively valued below their 52-week high. Is Citigroup Stock a Buy 13% Below Its 52-Week High?
• Neutral Sentiment: Citi strategist Beata Manthey expects French equities to remain volatile beyond the country’s presidential election, with markets focused on whether a government can secure a parliamentary majority and reduce debt. The outlook may affect Citi’s European markets and advisory activity, but it is primarily a broader market risk. Citi’s Manthey Sees French Equities Volatile Beyond April Vote
• Negative Sentiment: U.S. banks are reportedly restricting AI agents’ access to customer accounts because of concerns that automated tools could move idle deposits to higher-yielding alternatives. If implemented broadly, such controls could add technology and compliance costs or limit the efficiency benefits Citi can obtain from AI, though the report does not identify a Citi-specific policy. US banks limit AI agents’ access to customer accounts – report

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.