TrinityBridge Ltd Sells 5,101 Shares of Citigroup Inc. $C

TrinityBridge Ltd lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 71,125 shares of the company’s stock after selling 5,101 shares during the period. TrinityBridge Ltd’s holdings in Citigroup were worth $9,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its position in shares of Citigroup by 3.7% in the 2nd 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 acquired a new stake in shares of Citigroup during the second quarter worth approximately $3,244,602,000. Bank of America Corp DE grew its position in shares of Citigroup by 2.8% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Citigroup by 10.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock worth $1,745,001,000 after buying an additional 1,210,006 shares in the last quarter. Finally, Amundi increased its stake in shares of Citigroup by 3.2% in the first quarter. Amundi now owns 12,126,823 shares of the company’s stock worth $1,375,303,000 after buying an additional 374,840 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s workforce reductions, restructuring and AI investments are intended to generate $2 billion to $2.5 billion in annual savings. If achieved, the savings could support stronger long-term profitability, though execution and restructuring costs remain factors to watch. Will Citigroup’s Cost-Cut Initiatives Boost Long-Term Profitability?
• Positive Sentiment: A report says Citigroup’s price target was raised to $148.50, a favorable analyst signal, although the available details do not provide the rationale for the increase. Citigroup Price Target Raised to $148.50
• Neutral Sentiment: Citigroup is reportedly providing financing for Andrea Del Vecchio’s effort to gain control of Delfin. The financing could generate business for the bank, but the reported item provides no deal terms or expected financial contribution. Market Chatter: Citigroup Provides Financing for Del Vecchio’s Push to Gain Control of Delfin

Citigroup Stock Performance

C stock opened at $122.66 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The firm has a market cap of $209.20 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.54 and a beta of 1.18. Citigroup Inc. has a 12-month low of $95.83 and a 12-month high of $147.96. The stock’s 50 day simple moving average is $129.67 and its 200 day simple moving average is $126.53.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. As a group, equities research analysts predict that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis 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

Several research firms recently issued reports on C. UBS Group set a $148.00 price target on shares of Citigroup in a report on Wednesday, October 14th. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Loop Capital set a $155.00 price objective on shares of Citigroup in a report on Tuesday, October 13th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. Finally, Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $150.87.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.