Citigroup Inc. $C Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,534,134 shares of the company's stock after acquiring an additional 117,307 shares during the quarter. Jones Financial Companies Lllp owned 0.09% of Citigroup worth $217,463,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $2,800,944,000. Bank of New York Mellon Corp acquired a new position in shares of Citigroup in the 2nd quarter valued at $3,244,602,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Citigroup in the 4th quarter valued at $298,082,000. SEB Asset Management AB purchased a new stake in Citigroup during the first quarter worth $252,972,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company's stock worth $257,579,000 after buying an additional 1,691,611 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced unusual options activity, including bullish call sweeps and a reported $223 million after-hours block trade. The activity appears to reflect institutional interest and may provide short-term support for the shares. Citigroup Sees Unusual Options Activity and $223 Million Block Trade After Hours
• Positive Sentiment: Citi and India’s Axis Bank are partnering to capture nonresident Indian deposits and increase dollar inflows. The initiative could expand Citi’s cross-border deposits, payments and foreign-exchange business in a strategically important market. Citigroup and Axis Bank Team Up on Leveraged India Dollar Deposit Boom
• Positive Sentiment: Citigroup reported $647.2 billion in sustainable financing commitments since 2020 and established new 2030 goals. The progress may strengthen the bank’s relationships with corporate clients and support long-term fee opportunities, though the direct earnings impact is uncertain. Citi Reports Sustainable Finance Progress and Sets New 2030 Goals
• Neutral Sentiment: Analyst coverage remains favorable based on Citigroup’s average brokerage recommendation. However, the report cautions that sell-side ratings can be overly optimistic, limiting the reliability of this signal as a stand-alone reason to buy. Is Citigroup a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Citigroup has room under the national deposit cap to acquire a large regional bank, but CEO Jane Fraser continues to emphasize organic growth rather than mergers and acquisitions. This preserves strategic flexibility without creating an immediate deal catalyst. Wells Fargo and Citigroup Have Room to Buy a Big Bank

Citigroup Stock Down 0.0%

C stock opened at $131.65 on Tuesday. Citigroup Inc. has a 52 week low of $92.96 and a 52 week high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50-day simple moving average of $137.01 and a 200-day simple moving average of $126.45. The stock has a market capitalization of $224.54 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.59 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the company posted $1.96 EPS. Citigroup's quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a stock buyback program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 3rd. This is an increase from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.0%. Citigroup's payout ratio is currently 28.94%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on C shares. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Wall Street Zen cut Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Bank of America increased 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. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their price objective on Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $145.22.

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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