Vise Technologies Inc. Buys 43,203 Shares of Citigroup Inc. $C

Vise Technologies Inc. boosted its stake in shares of Citigroup Inc. (NYSE:C) by 77.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 98,629 shares of the company’s stock after buying an additional 43,203 shares during the period. Vise Technologies Inc.’s holdings in Citigroup were worth $13,804,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of C. Vanguard Group Inc. raised its position in Citigroup by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares during the period. Geode Capital Management LLC boosted its position in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after buying an additional 189,548 shares during the period. Franklin Resources Inc. grew its stake in shares of Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after buying an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after buying an additional 846,772 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Citigroup by 2.8% in the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after buying an additional 728,043 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Potential lead-bank role in Anthropic IPO: Citigroup is reportedly set to join the top-tier banks working on Anthropic’s anticipated mega-listing. If the IPO proceeds, Citi could benefit from underwriting fees, advisory revenue and increased visibility in the fast-growing artificial-intelligence sector. The timing and final banking syndicate remain subject to change. Anthropic Set to Add Citigroup to Top IPO Banks on Mega-Listing
• Positive Sentiment: Digital-asset custody expansion: Recent coverage highlights Citi’s new custody platform, which is designed to connect traditional asset custody with digital assets, tokenized payments and institutional services. The initiative could create new transaction and custody revenue streams as institutional adoption grows, although the financial impact is still unproven. Can C Capitalize on Digital Asset Growth With New Custody Platform?
• Neutral Sentiment: Dividend-growth appeal: A market commentary is presenting Citigroup as a possible high-growth dividend stock, potentially supporting income-oriented investor interest. However, the article does not announce a new dividend increase or provide a material change to Citi’s capital-return plans. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Card delinquencies edged higher: Citi’s July card delinquency rate increased modestly, renewing concerns about consumer credit quality and potential future provisions. Lower charge-offs provided some reassurance, but investors remain focused on whether weakening household finances could pressure earnings. C’s July Card Delinquencies Tick Up: Will This Impact Asset Quality?
• Negative Sentiment: Recent selling momentum persists: Citigroup recently declined even as the broader market advanced, indicating company-specific or sector-related selling rather than simply market weakness. The stock is trading below its 50-day moving average, which may reinforce short-term technical pressure. This follows a strong earnings report in July, when Citi exceeded consensus EPS and revenue estimates, suggesting the current weakness is more tied to sentiment and credit concerns than to the latest reported quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on C shares. Royal Bank Of Canada restated an “outperform” rating and set a $150.00 price objective on shares of Citigroup in a report on Wednesday, July 15th. Wall Street Zen lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. UBS Group decreased their target price on Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Citigroup Trading Down 2.2%

Shares of NYSE C opened at $129.92 on Friday. Citigroup Inc. has a twelve month low of $91.46 and a twelve month high of $147.96. The firm has a market cap of $221.59 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The business has a fifty day simple moving average of $137.37 and a two-hundred day simple moving average of $126.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. Analysts expect that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a stock repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.