Citigroup Inc. $C Stock Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Citigroup stake by 7.2% in the third quarter, bringing its holdings to 449,881 shares valued at approximately $58.3 million. Institutional investors and hedge funds collectively own 71.72% of Citi’s stock.
• Citigroup reported quarterly EPS of $2.85, exceeding estimates of $2.66, while revenue rose 7.9% year over year to $23.84 billion. The company also declared a quarterly dividend of $0.67 per share, representing a 2.2% yield.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $150.79, despite some recent downgrades and price-target reductions.

Nisa Investment Advisors LLC lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 449,881 shares of the company's stock after buying an additional 30,247 shares during the quarter. Nisa Investment Advisors LLC's holdings in Citigroup were worth $58,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Citigroup in the first quarter valued at approximately $25,000. Paladin Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $27,000. IMG Wealth Management Inc. increased its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after purchasing an additional 162 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Citigroup during the 1st quarter valued at approximately $29,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Citigroup in the 2nd quarter valued at $29,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $149.00 to $147.00 and set an "overweight" rating for the company in a report on Friday, October 2nd. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a report on Wednesday, October 14th. Finally, UBS Group set a $148.00 price objective on shares of Citigroup in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.79.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley sees significant upside. The firm reportedly believes Citigroup’s recent decline was unjustified and estimates approximately 32% upside, potentially supporting the stock after its roughly 6% post-earnings drop. Morgan Stanley sees 32% Citigroup upside after brutal sell-off
• Positive Sentiment: Dividend declaration provides shareholder support. Citigroup’s board approved a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The board also approved dividends for 12 preferred-stock series, reinforcing the bank’s capital-return profile. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi Commerce Media opens a potential growth avenue. The bank is using transaction data to help advertisers predict future purchases, creating a new commercial-data and advertising business that could diversify revenue beyond traditional banking. Advertisers Should Stop Chasing Customers, Start Predicting Purchases
• Neutral Sentiment: China access and AI restructuring remain watch points. U.S.-China discussions reportedly addressed Citigroup’s permissions in China, while Citi expanded its AI leadership team with external hires and internal promotions. Progress could improve long-term growth, but the financial impact remains uncertain. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup crossed a 3% ownership threshold in Solvay. The disclosure reflects a financial-interest position, but it does not appear to materially affect Citigroup’s earnings outlook. Citigroup Lifts Stake Above 3% in Solvay

Citigroup Trading Up 0.7%

Shares of NYSE:C opened at $122.56 on Wednesday. Citigroup Inc. has a 1 year low of $95.00 and a 1 year high of $147.96. The firm has a market capitalization of $209.03 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.53 and a beta of 1.13. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The business's 50 day moving average price is $132.20 and its 200-day moving average price is $132.05.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 11.42 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Citigroup Company 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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