Citigroup Inc. $C Stock Holdings Lowered by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Citigroup stake by 12.5% in the third quarter, selling 210,469 shares and retaining 1,470,016 shares valued at about $186.7 million.
• Institutional ownership remains substantial at 71.72%, with several large investors—including State Street and UBS AM—increasing their holdings.
• Citigroup beat quarterly earnings and revenue estimates, with EPS of $2.85 and revenue of $23.84 billion; analysts’ consensus rating is “Moderate Buy,” with a $150.87 average price target.

Allspring Global Investments Holdings LLC trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,470,016 shares of the company's stock after selling 210,469 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of Citigroup worth $186,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in Citigroup by 3.7% in the second 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 during the period. Bank of America Corp DE grew its holdings 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 worth $3,047,215,000 after acquiring an additional 728,043 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Citigroup during the 2nd quarter valued at about $3,244,602,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 purchasing an additional 1,210,006 shares during the period. Finally, Amundi lifted its position in shares of Citigroup by 3.2% in the 1st quarter. Amundi now owns 12,126,823 shares of the company's stock worth $1,375,303,000 after purchasing an additional 374,840 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Citigroup Stock Up 0.1%

NYSE:C opened at $119.16 on Monday. The company has a market cap of $203.23 billion, a PE ratio of 11.63, a P/E/G ratio of 0.52 and a beta of 1.18. Citigroup Inc. has a twelve month low of $95.83 and a twelve month high of $147.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.78. The company's 50 day moving average is $128.92 and its two-hundred day moving average is $126.60.

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

Citigroup Announces Dividend

The company also recently announced 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 is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup's dividend payout ratio (DPR) is 26.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on C. JPMorgan Chase & Co. increased their price objective on shares of Citigroup from $147.00 to $148.50 and gave the company an "overweight" rating in a research note on Friday, October 30th. Weiss Ratings downgraded shares of Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. HSBC assumed coverage on Citigroup in a report on Monday, September 28th. They set a "buy" rating and a $164.00 target price for the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a research report on Wednesday, October 14th. Finally, TD Cowen dropped their target price on Citigroup from $150.00 to $148.00 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.87.

Citigroup Company Profile

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.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.

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