Citigroup Inc. $C Shares Bought by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International increased its Citigroup stake by 12.9% in the second quarter, bringing its holdings to 103,220 shares valued at approximately $14.7 million. Institutional investors and hedge funds collectively own 71.72% of Citigroup.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $145.22, although recent ratings and targets were mixed. Citigroup shares opened at $138.10, within a 52-week range of $93.66 to $147.96.
• Citigroup exceeded quarterly earnings and revenue expectations, reporting $3.15 in EPS and $24.77 billion in revenue. The bank also authorized up to $30 billion in share repurchases and raised its quarterly dividend to $0.67 per share.

Raiffeisen Bank International AG raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 12.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,220 shares of the company's stock after purchasing an additional 11,812 shares during the quarter. Raiffeisen Bank International AG's holdings in Citigroup were worth $14,708,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Paladin Partners LLC acquired a new position in Citigroup in the second quarter valued at about $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Citigroup in the 2nd quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of Citigroup in the 1st quarter worth approximately $25,000. Finally, TD Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on C shares. Oppenheimer lowered Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Morgan Stanley raised their price target on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Argus set a $150.00 price objective on Citigroup in a research note on Wednesday, July 15th. UBS Group cut their price objective on Citigroup from $150.00 to $142.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings raised Citigroup from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.22.

Citigroup Price Performance

Citigroup stock opened at $138.10 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a 52-week low of $93.66 and a 52-week high of $147.96. The firm has a market cap of $235.54 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The company's 50 day moving average is $135.33 and its two-hundred day moving average is $127.36.

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, topping 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 during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup's previous quarterly dividend of $0.60. Citigroup's payout ratio is presently 28.94%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Buybacks and dividends support the stock: Citigroup is accelerating share repurchases and dividend payments as stronger earnings, excess capital and business simplification improve its ability to return money to shareholders. The strategy could enhance per-share earnings and reinforce confidence in management’s turnaround plan. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Positive Sentiment: Blockchain payments provide a growth catalyst: Citi’s Services business processed live transactions on Swift’s blockchain-based ledger, making it the first U.S. bank to conduct native ledger transactions through the initiative. The move strengthens Citi’s positioning in always-on, cross-border payments and could create longer-term revenue opportunities with institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger
• Positive Sentiment: AI-driven expense controls may improve profitability: Citi is using artificial intelligence to review and renegotiate outside law-firm billing. Although the savings potential was not quantified, lower legal expenses could support operating efficiency across capital-markets, compliance and banking operations. Citigroup Uses AI To Push Law Firms On Fees
• Neutral Sentiment: Currency view signals a changing rate outlook: Citi recommended shorting the U.S. dollar against the Canadian dollar, anticipating that stretched U.S.-Canada interest-rate differentials will reverse. The call highlights potential shifts in Federal Reserve expectations but has limited direct impact on Citigroup’s fundamental earnings. Citi goes short USD/CAD
• Negative Sentiment: UK sanctions-related penalty remains a reputational and compliance risk: Citi was fined £4.7 million for historical breaches of Russian sanctions at its London branch. The financial cost is modest relative to Citi’s size, but the action underscores ongoing regulatory and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi's principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

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