Citigroup Inc. $C Shares Sold by Danske Bank A S

Danske Bank A S trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 47.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962,051 shares of the company's stock after selling 853,086 shares during the period. Danske Bank A S owned about 0.06% of Citigroup worth $124,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Advisory LLC grew its holdings in Citigroup by 35.6% during the third quarter. Cornerstone Advisory LLC now owns 2,146 shares of the company's stock valued at $278,000 after purchasing an additional 563 shares during the period. Ibex Wealth Advisors increased its position in Citigroup by 3.1% in the third quarter. Ibex Wealth Advisors now owns 57,824 shares of the company's stock worth $7,487,000 after buying an additional 1,747 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Citigroup by 75.5% in the third quarter. Addison Advisors LLC now owns 988 shares of the company's stock valued at $128,000 after buying an additional 425 shares during the period. Diversified Trust Co raised its stake in shares of Citigroup by 2.1% in the third quarter. Diversified Trust Co now owns 44,154 shares of the company's stock valued at $5,717,000 after buying an additional 924 shares during the period. Finally, Vista Capital Partners Inc. purchased a new position in shares of Citigroup during the 3rd quarter valued at $204,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. UBS Group set a $148.00 price objective on Citigroup in a report on Wednesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Citigroup from $147.00 to $148.50 and gave the company an "overweight" rating in a research note on Friday, October 30th. HSBC started coverage on shares of Citigroup in a report on Monday, September 28th. They set a "buy" rating and a $164.00 price objective on the stock. Finally, Loop Capital set a $155.00 target price on shares of Citigroup in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $150.87.

Citigroup Price Performance

NYSE C traded down $0.02 on Friday, hitting $124.04. The stock had a trading volume of 7,625,348 shares, compared to its average volume of 9,236,826. Citigroup Inc. has a 52-week low of $95.83 and a 52-week high of $147.96. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $211.56 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The firm has a 50-day moving average of $127.87 and a 200-day moving average of $126.82.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. Equities analysts expect that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a dividend of $0.67 per share. 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 dividend payout ratio (DPR) is currently 26.15%.

Key Headlines Impacting Citigroup

Investors following C have been watching these headlines:

• Positive Sentiment: Commentary highlighted Citi’s discount to industry peers, improving earnings outlook and ongoing transformation as potential reasons the stock could be attractive. Another report noted shares were up 1.6% since the latest earnings release, though that past performance does not guarantee further gains. Article: C Trades at a Discount to Industry Article: Citigroup Up Since Last Earnings Report
• Positive Sentiment: Citi is redesigning about 100 processes, amid broader banking-sector efforts to adopt AI. If the work improves efficiency, it could support the bank’s transformation goals, although the report did not quantify expected savings. Article: Citi Is Redesigning 100 Processes
• Neutral Sentiment: Citigroup plans to redeem $1 billion of its 4.150% Series Y preferred stock, ending dividend accrual on November 15. The move simplifies its capital structure and may reduce preferred-dividend costs, but the redemption itself does not establish a material benefit to common shareholders. Article: Citigroup Redeems Preferred Stock

About Citigroup

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

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