Citigroup Inc. $C Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in Citigroup Inc. (NYSE:C) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 989,066 shares of the company’s stock after selling 6,531 shares during the quarter. Retirement Systems of Alabama’s holdings in Citigroup were worth $128,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of C. Compass Financial Management LLC purchased a new position in Citigroup in the 2nd quarter worth $898,000. Andra AP fonden lifted its stake in Citigroup by 22.3% in the second quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Citigroup by 30.7% during the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock valued at $18,467,000 after buying an additional 31,007 shares during the period. Saudi Central Bank boosted its position in Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock valued at $16,710,000 after buying an additional 53,348 shares during the period. Finally, State Street Corp boosted 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 buying an additional 2,913,701 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 2.5%

Shares of NYSE C opened at $122.01 on Tuesday. The firm’s fifty day moving average is $128.71 and its 200 day moving average is $126.64. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The company 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 results 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 business had revenue of $23.84 billion during 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 for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. On average, equities research analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup’s dividend 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 objective on Citigroup in a report on Wednesday, October 14th. Royal Bank Of Canada lowered their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. JPMorgan Chase & Co. increased their target price on Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a report on Friday, October 30th. Argus set a $150.00 price target on Citigroup in a research report on Wednesday, July 15th. Finally, TD Cowen reduced their price target on Citigroup from $150.00 to $148.00 and set a “buy” rating on the stock in a research 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup News Summary

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

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.

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.