Citigroup Inc. $C Shares Sold by Focused Alpha LLC

Focused Alpha LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 44.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,462 shares of the company’s stock after selling 5,859 shares during the quarter. Focused Alpha LLC’s holdings in Citigroup were worth $966,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in Citigroup by 3.7% in the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after buying an additional 2,913,701 shares during the period. Bank of New York Mellon Corp purchased a new position in Citigroup during the 2nd quarter worth $3,244,602,000. Bank of America Corp DE lifted its stake 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Citigroup by 10.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock valued at $1,745,001,000 after acquiring an additional 1,210,006 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Citigroup by 3.2% in the first quarter. Amundi now owns 12,126,823 shares of the company’s stock valued at $1,375,303,000 after acquiring an additional 374,840 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s board declared a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The annualized dividend is $2.68, representing an approximately 2.2% yield and reinforcing the bank’s shareholder-return profile. Citigroup Declares Common Stock Dividend
• Positive Sentiment: U.S. officials are pressing China to improve market access for Mastercard and Citigroup. Progress could support Citigroup’s cross-border payments, banking and institutional-business opportunities, although the report does not indicate that an agreement has been reached. U.S. Officials Press China On Market Access Issues For Mastercard And Citigroup
• Neutral Sentiment: Citigroup strategist Beata Manthey expects French equities to remain volatile because of political uncertainty and concerns about France’s debt-reduction plans. The commentary is more relevant to Citi’s research and client markets business than to near-term earnings, but persistent volatility could affect trading activity. Citi’s Manthey Sees French Equities Volatile Beyond April Vote
• Neutral Sentiment: A report says U.S. banks are limiting AI agents’ access to customer accounts because of concerns that automated systems could move deposits to higher-yielding alternatives. The issue highlights operational and deposit-retention risks for the banking industry, but no specific Citigroup incident was reported. US Banks Limit AI Agents’ Access to Customer Accounts

Citigroup Stock Performance

C opened at $121.68 on Tuesday. Citigroup Inc. has a 1-year low of $95.00 and a 1-year high of $147.96. The stock has a market cap of $207.53 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.55 and a beta of 1.13. The stock’s 50 day simple moving average is $132.47 and its 200 day simple moving average is $132.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 11.39 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on C. UBS Group set a $148.00 price target on shares of Citigroup in a research note on Wednesday, October 14th. Argus set a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Loop Capital set a $155.00 target price on Citigroup in a research report on Tuesday, October 13th. Finally, Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.79.

About Citigroup

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.