23,870 Citigroup Inc. $C Shares Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Citigroup stake by 11.4% in the third quarter, acquiring 23,870 shares and bringing its total holdings to 233,093 shares valued at approximately $30.2 million.
• Citigroup reported quarterly EPS of $2.85, surpassing the $2.66 consensus estimate, while revenue rose 7.9% year over year to $23.84 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $150.79.
• The company declared a quarterly dividend of $0.67 per share, equivalent to an annualized $2.68 payout and a 2.2% yield. However, rising credit-card delinquencies and net losses are creating concerns about consumer-loan asset quality.

Citizens Financial Group Inc. RI raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,093 shares of the company's stock after buying an additional 23,870 shares during the period. Citizens Financial Group Inc. RI's holdings in Citigroup were worth $30,181,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in shares of Citigroup during the second quarter valued at $898,000. Andra AP fonden increased its stake in Citigroup by 22.3% in the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company's stock worth $38,433,000 after buying an additional 50,100 shares during the period. Saudi Central Bank increased its stake in Citigroup by 80.8% in the 2nd 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. Concurrent Investment Advisors LLC lifted its holdings in Citigroup by 30.7% during the 2nd 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 in the last quarter. Finally, State Street Corp lifted its holdings in Citigroup by 3.7% during the 2nd 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 in the last quarter. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on C shares. Oppenheimer cut shares of Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. HSBC started coverage on shares of Citigroup in a research report on Monday, September 28th. They set a "buy" rating and a $164.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $149.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Wall Street Zen lowered Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Citigroup in a research note on Wednesday, October 14th. One research 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 stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $150.79.

Citigroup Price Performance

Shares of C opened at $120.66 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. The company has a 50 day moving average price of $131.23 and a 200-day moving average price of $132.08. Citigroup Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The stock has a market capitalization of $205.80 billion, a PE ratio of 11.77, a PEG ratio of 0.53 and a beta of 1.13.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. Citigroup's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. Equities analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup's dividend payout ratio (DPR) is 26.15%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
• Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
• Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
• Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
• Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
• Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise

Citigroup Profile

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.

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