Citigroup Inc. $C Shares Sold by Amundi

Amundi decreased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,883,343 shares of the company's stock after selling 243,480 shares during the quarter. Amundi owned about 0.70% of Citigroup worth $1,663,193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. California State Teachers Retirement System increased its position in shares of Citigroup by 12,834.2% during the 2nd quarter. California State Teachers Retirement System now owns 360,205,535 shares of the company's stock worth $50,414,367,000 after purchasing an additional 357,420,622 shares during the last quarter. Geode Capital Management LLC raised its holdings in Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock valued at $5,036,712,000 after buying an additional 189,548 shares during the period. Franklin Resources Inc. lifted its position in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock valued at $3,990,422,000 after buying an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC lifted its position in Citigroup by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock valued at $3,954,307,000 after buying an additional 846,772 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Citigroup by 2.8% during the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock worth $3,047,215,000 after buying an additional 728,043 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

Citigroup Trading Up 0.1%

Shares of C stock opened at $137.80 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $235.03 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company has a 50 day moving average price of $135.26 and a 200 day moving average price of $127.55. Citigroup Inc. has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. The firm had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Equities research analysts predict that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is a boost from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup's dividend payout ratio (DPR) is 28.94%.

Wall Street Analyst Weigh In

C has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Evercore set a $143.00 price objective on shares of Citigroup in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on shares of Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. Finally, 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. Two 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 stock. According to data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target 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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