Citigroup Inc. $C Stock: M&G PLC Reduces Stake

M&G PLC decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,402 shares of the company’s stock after selling 4,736 shares during the quarter. M&G PLC’s holdings in Citigroup were worth $43,654,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of C. State Street Corp raised its position in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after purchasing an additional 2,913,701 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Citigroup in the 2nd quarter worth about $3,244,602,000. Bank of America Corp DE boosted its holdings 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 purchasing an additional 728,043 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Citigroup by 10.7% during the 2nd 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 purchasing an additional 1,210,006 shares during the last quarter. Finally, Amundi increased its position in shares of Citigroup by 3.2% during the 1st quarter. Amundi now owns 12,126,823 shares of the company’s stock valued at $1,375,303,000 after purchasing an additional 374,840 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: A valuation commentary argues Citigroup shares could be about 41% undervalued based on the bank’s equity returns. This is an analyst-style assessment, not a company forecast, but may support investor optimism about the stock’s valuation. Article: Citigroup Stock Could Be 41% Undervalued On Equity Returns
• Positive Sentiment: CEO Jane Fraser attributed the sharp market sell-off largely to hedge funds’ risk models and said she does not expect it to get worse. Her assessment could ease concerns about prolonged market stress affecting trading and client activity, though it is not a guarantee. Article: Citigroup’s Jane Fraser Says Hedge Funds Drove the Sell-Off
• Neutral Sentiment: Citigroup plans to redeem all $1 billion of its Series Y preferred stock. The announcement does not specify how the redemption will be funded or replaced, so the impact on capital and financing costs is unclear. Article: Citigroup Announces Full Redemption of Series Y Preferred Stock
• Neutral Sentiment: Citigroup replaced David Haldane with Rob Smolen to lead global derivatives and EMEA equities. The change affects a key securities-business leadership role, but the report gave no details suggesting a change in strategy or financial outlook. Article: Citigroup Replaces Equities Executive David Haldane With Rob Smolen
• Neutral Sentiment: Separately, Citi downgraded U.S. equities and technology stocks to neutral, citing investor-positioning risks. This reflects the bank’s market view rather than a change to Citigroup’s own business outlook. Article: Citigroup Downgrades US Equities to Neutral on AI Concerns

Citigroup Price Performance

C opened at $122.01 on Tuesday. The stock’s 50 day simple moving average is $128.71 and its 200 day simple moving average is $126.64. 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 Inc. has a 1 year low of $95.83 and a 1 year high of $147.96. The firm has a market cap of $208.09 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.55 and a beta of 1.18.

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 return on equity of 10.57% and a net margin of 10.97%. The firm had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Dividend Announcement

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 issued 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%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. TD Cowen decreased their price objective on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. JPMorgan Chase & Co. upped their target price on Citigroup from $147.00 to $148.50 and gave the stock an “overweight” rating in a research note on Friday, October 30th. UBS Group set a $148.00 price target on shares of Citigroup in a research report on Wednesday, October 14th. HSBC assumed coverage on shares of Citigroup in a research note on Monday, September 28th. They set a “buy” rating and a $164.00 price target on the stock. 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.

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.