22,157 Shares of Citigroup Inc. $C Bought by CenterBook Partners LP

Key Points

• CenterBook Partners bought a new 22,157-share stake in Citigroup during the third quarter, valued at approximately $2.87 million.
• Other institutional investors also increased or initiated holdings; hedge funds and institutions collectively own 71.72% of Citigroup’s shares.
• Citigroup reported quarterly earnings of $2.85 per share, beating the $2.66 consensus estimate, and announced a $0.67 quarterly dividend. Analysts’ consensus rating is “Moderate Buy,” with a $150.87 average price target.

CenterBook Partners LP purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,157 shares of the company's stock, valued at approximately $2,869,000.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in Citigroup in the second quarter valued at approximately $898,000. Andra AP fonden grew its holdings in shares of 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 increased its stake in shares of Citigroup by 30.7% in the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company's stock worth $18,467,000 after buying an additional 31,007 shares during the period. Saudi Central Bank increased its stake in shares of Citigroup by 80.8% in the second quarter. Saudi Central Bank now owns 119,392 shares of the company's stock worth $16,710,000 after buying an additional 53,348 shares during the period. Finally, State Street Corp increased its stake in shares of Citigroup by 3.7% in the second quarter. State Street Corp now owns 80,956,349 shares of the company's stock worth $11,199,986,000 after buying an additional 2,913,701 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C stock opened at $119.16 on Friday. The stock has a fifty day moving average of $128.92 and a 200 day moving average of $126.60. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The firm has a market capitalization of $203.24 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.52 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78.

Citigroup (NYSE:C - Get Free Report) last released 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 for 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 previous year, the business posted $1.86 earnings per share. As a group, research analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be given a $0.67 dividend. 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 (DPR) is currently 26.15%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. Truist Financial dropped their price target on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Royal Bank Of Canada decreased their price objective on shares of Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 14th. HSBC began coverage on shares of Citigroup in a research note on Monday, September 28th. They set a "buy" rating and a $164.00 price objective for the company. TD Cowen dropped their target price on shares of Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. Finally, Wall Street Zen raised Citigroup from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.87.

Citigroup 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.

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