Citigroup Inc. $C Stock Position Lessened by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Citigroup stake by 8.6% in the third quarter, selling 39,054 shares and ending the period with 414,636 shares valued at about $53.9 million. Institutional investors own 71.72% of the stock.
• Citigroup reported quarterly EPS of $2.85, beating the $2.66 consensus, while revenue of $23.84 billion exceeded estimates and rose 7.9% year over year.
• Citigroup declared a quarterly dividend of $0.67 per share, equivalent to an annualized yield of about 2.2%; analysts’ consensus rating was “Moderate Buy,” with a $150.87 average price target.

Candriam S.C.A. reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 414,636 shares of the company's stock after selling 39,054 shares during the period. Candriam S.C.A.'s holdings in Citigroup were worth $53,883,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in C. Paladin Partners LLC bought a new stake in Citigroup during the second quarter worth about $27,000. Bfsg LLC increased its holdings in shares of Citigroup by 130.7% during the third quarter. Bfsg LLC now owns 203 shares of the company's stock worth $26,000 after buying an additional 115 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Citigroup in the second quarter valued at approximately $29,000. Balance Wealth Partners LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $27,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Citigroup in the first quarter valued at approximately $25,000. 71.72% of the stock is 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 Trading Up 0.6%

C opened at $119.16 on Friday. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The stock has a market capitalization of $203.24 billion, a PE ratio of 11.63, a PEG ratio of 0.52 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $128.92 and a two-hundred day moving average price of $126.60.

Citigroup (NYSE:C - Get Free Report) last announced its 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 company had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Citigroup's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on C shares. Royal Bank Of Canada reduced their target price on Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a report on Wednesday, October 14th. UBS Group set a $148.00 price objective on Citigroup in a research report on Wednesday, October 14th. HSBC began coverage on Citigroup in a research note on Monday, September 28th. They issued a "buy" rating and a $164.00 price objective on the stock. Finally, Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.87.

Citigroup 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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