Citigroup Inc. $C Shares Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management increased its Citigroup position by 15.1% in the third quarter, adding 26,870 shares for a total holding of 204,374 shares valued at approximately $26.5 million.
• Institutional investors own 71.72% of Citigroup, with State Street, Bank of New York Mellon, Bank of America, UBS and Amundi among the largest holders.
• Citigroup exceeded quarterly earnings expectations with $2.85 in EPS and $23.84 billion in revenue, while declaring a $0.67 quarterly dividend. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $150.79.

Generali Asset Management SPA SGR raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,374 shares of the company's stock after purchasing an additional 26,870 shares during the quarter. Generali Asset Management SPA SGR's holdings in Citigroup were worth $26,462,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in Citigroup by 3.7% in the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company's stock worth $11,199,986,000 after acquiring an additional 2,913,701 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Citigroup during the 2nd quarter worth about $3,244,602,000. Bank of America Corp DE grew its stake in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock valued at $3,047,215,000 after acquiring an additional 728,043 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Citigroup by 10.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company's stock valued at $1,745,001,000 after acquiring an additional 1,210,006 shares in the last quarter. Finally, Amundi grew its stake in Citigroup by 3.2% during the 1st quarter. Amundi now owns 12,126,823 shares of the company's stock valued at $1,375,303,000 after acquiring an additional 374,840 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Key Headlines Impacting Citigroup

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 Up 1.4%

C opened at $122.71 on Wednesday. The firm has a market capitalization of $209.29 billion, a P/E ratio of 11.97 and a beta of 1.13. The stock's 50 day moving average price is $130.58 and its two-hundred day moving average price is $126.38. Citigroup Inc. has a 12-month low of $95.83 and a 12-month high of $147.96.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.19. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period last year, the company earned $1.86 earnings per share. Citigroup's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on C shares. Evercore set a $135.00 price target on shares of Citigroup in a report on Wednesday, October 14th. Oppenheimer downgraded 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 note on Monday, September 28th. They issued a "buy" rating and a $164.00 price objective on the stock. Loop Capital set a $155.00 target price on shares of Citigroup in a research report on Tuesday, October 13th. Finally, UBS Group set a $148.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.79.

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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