Citigroup Inc. $C Stock: Candriam S.C.A. Reduces Stake

Candriam S.C.A. lessened its position in shares of Citigroup Inc. (NYSE:C) by 8.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 414,636 shares of the company’s stock after selling 39,054 shares during the quarter. Candriam S.C.A.’s holdings in Citigroup were worth $53,883,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust increased its position in Citigroup by 1.8% in the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after purchasing an additional 79 shares during the period. American Trust raised its holdings in Citigroup by 3.6% during 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 last quarter. Invst LLC raised its holdings in Citigroup by 0.8% during the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares during the last quarter. Tsfg LLC raised its holdings in Citigroup by 4.9% during the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares during the last quarter. Finally, Somerset Trust Co lifted its position in Citigroup by 0.6% during 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 during the period. Institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Analyst Ratings Changes

C has been the topic of several recent research reports. HSBC started coverage on shares of Citigroup in a research note on Monday, September 28th. They issued a “buy” rating and a $164.00 target price on the stock. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Loop Capital set a $155.00 price target on shares of Citigroup in a research note on Tuesday, October 13th. Weiss Ratings lowered shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Finally, Evercore set a $135.00 price objective on shares of Citigroup in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.87.

Citigroup Stock Up 0.6%

Shares of Citigroup stock opened at $119.16 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 12 month low of $95.83 and a 12 month high of $147.96. The business has a fifty day simple moving average of $128.92 and a 200 day simple moving average of $126.60. The stock has a market cap of $203.24 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The company had revenue of $23.84 billion for 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 firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. Research analysts predict that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

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 given a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.

Citigroup 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.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.