Formuepleje A S Purchases 4,278 Shares of Citigroup Inc. $C

Formuepleje A S lifted its position in shares of Citigroup Inc. (NYSE:C) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,473 shares of the company’s stock after buying an additional 4,278 shares during the period. Citigroup comprises 0.6% of Formuepleje A S’s investment portfolio, making the stock its 27th largest position. Formuepleje A S’s holdings in Citigroup were worth $7,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of C. California State Teachers Retirement System grew its position in Citigroup by 12,834.2% during the 2nd quarter. California State Teachers Retirement System now owns 360,205,535 shares of the company’s stock worth $50,414,367,000 after acquiring an additional 357,420,622 shares during the last quarter. Norges Bank bought a new stake in Citigroup in the fourth quarter valued at approximately $2,800,944,000. Bank of New York Mellon Corp bought a new stake in Citigroup in the second quarter valued at approximately $3,244,602,000. Nykredit A S purchased a new stake in shares of Citigroup during the second quarter valued at approximately $458,275,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $298,082,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group decreased their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Morgan Stanley boosted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

Citigroup Trading Up 0.1%

Shares of NYSE C opened at $137.80 on Monday. Citigroup Inc. has a 1 year low of $93.66 and a 1 year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average of $135.26 and a 200 day moving average of $127.55. The stock has a market cap of $235.03 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were given a dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. Citigroup’s dividend payout ratio is 28.94%.

About Citigroup

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.