Asset Management One Co. Ltd. Purchases 8,421 Shares of Citigroup Inc. $C

Key Points

• Asset Management One increased its Citigroup stake by 0.9%, purchasing 8,421 additional shares to own 912,603 shares valued at approximately $118.2 million. Institutional investors and hedge funds collectively hold 71.72% of Citigroup’s stock.
• Citigroup reported quarterly earnings of $2.85 per share, beating estimates of $2.66, while revenue rose 7.9% year over year to $23.84 billion. The bank also raised its 2026 return-on-tangible-common-equity target to above 11% and received generally positive analyst coverage.
• Citigroup declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 2.2% yield. Shares opened at $122.71, compared with a 52-week range of $95.83 to $147.96.

Asset Management One Co. Ltd. lifted its position in Citigroup Inc. (NYSE:C - Free Report) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 912,603 shares of the company's stock after buying an additional 8,421 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Citigroup worth $118,164,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. John Boyer Inc. acquired a new position in shares of Citigroup in the third quarter worth $85,000. Latitude Advisors LLC acquired a new stake in shares of Citigroup in the third quarter valued at $145,000. Balance Wealth Partners LLC purchased a new stake in Citigroup during the 3rd quarter worth about $27,000. SYM FINANCIAL Corp raised its position in Citigroup by 17.3% in the 3rd quarter. SYM FINANCIAL Corp now owns 7,602 shares of the company's stock valued at $984,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of Citigroup by 5.0% in the 3rd quarter. Oakworth Capital Inc. now owns 2,584 shares of the company's stock valued at $335,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher 2026 profitability target: Citigroup raised its 2026 return on tangible common equity outlook to above 11%, citing solid revenue growth, improving efficiency and progress in its multiyear transformation. The upgrade reinforces the turnaround thesis and may support higher earnings estimates. Citigroup Lifts 2026 RoTCE Outlook
• Positive Sentiment: China securities expansion: Citigroup received approval from China’s securities regulator to establish a wholly owned onshore securities business. The unit is expected to offer brokerage, underwriting, research and principal-trading services, creating longer-term growth opportunities in China’s capital markets. Citigroup Enters China’s Securities Market
• Positive Sentiment: Card partnership enhanced: Citi and American Airlines announced additional rewards and travel benefits for two AAdvantage credit cards. The changes could improve customer engagement and card spending, although the financial impact is likely gradual. American Airlines and Citi Enhance AAdvantage Cards
• Neutral Sentiment: Retail banking strategy: Citi launched Premium Boost, offering higher savings rates to customers who deepen their relationship with the bank. The program may help attract deposits and cross-sell products, but higher funding costs could weigh on margins. Citi Raises Savings Rates
• Neutral Sentiment: Other reported activity: Citigroup disclosed that its voting interest in Solvay fell below 3%. This appears to be a routine investment disclosure with little direct effect on Citigroup’s earnings or valuation. Citigroup Cuts Stake in Solvay

Citigroup Stock Performance

Shares of NYSE C opened at $122.71 on Wednesday. Citigroup Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The firm has a market capitalization of $209.29 billion, a PE ratio of 11.97 and a beta of 1.13. The stock's 50-day simple moving average is $130.58 and its 200-day simple moving average is $126.38.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping 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'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 firm earned $1.86 EPS. On average, sell-side analysts forecast that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Loop Capital set a $155.00 price objective on Citigroup in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Citigroup in a research note on Wednesday, October 14th. UBS Group set a $148.00 price target on shares of Citigroup in a research note on Wednesday, October 14th. TD Cowen lowered their price target 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, Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $150.79.

Citigroup Company 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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