Artemis Investment Management LLP Boosts Stock Holdings in Citigroup Inc. $C

Key Points

• Artemis Investment Management increased its Citigroup stake by 51.8% in the third quarter, holding 524,114 shares valued at approximately $67.9 million. Institutional investors collectively own 71.72% of the company.
• Analysts maintain a generally positive outlook, with Citigroup receiving a “Moderate Buy” consensus rating and an average price target of $151.28, compared with its reported trading price of $127.03.
• Citigroup recently beat quarterly earnings and revenue expectations, while raising its quarterly dividend to $0.67 per share. Investors are also monitoring potential growth from its Coinbase stablecoin collaboration and risks from rising yields.

Artemis Investment Management LLP lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 51.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 524,114 shares of the company's stock after buying an additional 178,858 shares during the period. Artemis Investment Management LLP's holdings in Citigroup were worth $67,862,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Apella Capital LLC boosted its position in Citigroup by 5.3% during the 3rd quarter. Apella Capital LLC now owns 14,118 shares of the company's stock valued at $1,797,000 after purchasing an additional 707 shares during the period. Avidian Wealth Enterprises LLC increased its position in Citigroup by 1.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 39,940 shares of the company's stock worth $5,171,000 after buying an additional 645 shares during the period. Valeo Financial Advisors LLC lifted its stake in Citigroup by 2.2% in the third quarter. Valeo Financial Advisors LLC now owns 43,307 shares of the company's stock valued at $5,607,000 after buying an additional 947 shares during the last quarter. New Covenant Trust Company N.A. grew its position in shares of Citigroup by 8.1% during the third quarter. New Covenant Trust Company N.A. now owns 3,631 shares of the company's stock worth $470,000 after acquiring an additional 273 shares during the last quarter. Finally, Toth Financial Advisory Corp increased its stake in shares of Citigroup by 3.6% in the third quarter. Toth Financial Advisory Corp now owns 9,386 shares of the company's stock valued at $1,215,000 after purchasing an additional 330 shares during the period. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

C has been the subject of several analyst reports. Wall Street Zen downgraded Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Bank of America boosted their price target on Citigroup from $170.00 to $176.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. TD Cowen assumed coverage on Citigroup in a report on Thursday. They set a "buy" rating and a $150.00 price target on the stock. Weiss Ratings cut shares of Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. Finally, Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $151.28.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $150 price target, implying substantial upside from recent trading levels. Benzinga analyst coverage report
• Positive Sentiment: A Barron’s analysis argued that Citigroup could gain roughly 28% if its valuation rerates closer to major banking peers, reinforcing the longer-term recovery thesis. Barron's Citigroup valuation analysis
• Positive Sentiment: Citigroup’s expanded collaboration with Coinbase connects its payment network and virtual-account infrastructure with stablecoin rails. The initiative could create new transaction and cross-border payment revenue opportunities, although the financial impact remains uncertain. Citi and Coinbase stablecoin partnership
• Positive Sentiment: Wall Street is preparing for Citigroup’s September-quarter results, with investor attention focused on whether continued revenue growth, trading activity and expense control can support another earnings beat. Citigroup third-quarter estimates
• Neutral Sentiment: Citigroup remains a heavily watched stock, while recent commentary highlights its prior quarterly earnings beat and double-digit year-over-year revenue growth. However, the latest articles do not identify a new operating result that would materially change estimates. Citigroup investor attention
• Negative Sentiment: UBS lowered its Citigroup price target to $139 from $142 and maintained a Neutral rating, signaling limited conviction in near-term outperformance. UBS Citigroup price target update
• Negative Sentiment: Analysts warn that rapidly rising yields can pressure banks through bond-market losses, tighter financial conditions and potential credit-quality concerns ahead of third-quarter results. Banks under pressure from rising yields

Citigroup Stock Down 0.2%

C traded down $0.29 on Thursday, reaching $127.03. 3,408,021 shares of the company traded hands, compared to its average volume of 12,448,206. The company has a market cap of $216.65 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.57 and a beta of 1.13. 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 stock's 50 day moving average price is $133.89 and its 200-day moving average price is $131.18. Citigroup Inc. has a 52-week low of $93.66 and a 52-week high of $147.96.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.96 EPS. Citigroup's revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts expect that Citigroup Inc. will post 11.19 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid 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 dividend yield of 2.1%. Citigroup's dividend payout ratio (DPR) is 28.94%.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi's principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.

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