NFJ Investment Group LLC Has $16.76 Million Holdings in Citigroup Inc. $C

Key Points

• NFJ Investment Group reduced its Citigroup stake by 12.6% in the second quarter, selling 17,326 shares and retaining 119,762 shares valued at $16.76 million. Institutional investors and hedge funds collectively own 71.72% of Citi.
• Citigroup shares were down 2.2% at $129.92 and trading below their 50-day moving average, despite the bank reporting better-than-expected quarterly results of $3.15 EPS and $24.77 billion in revenue.
• Citi authorized a $30 billion share-repurchase plan and raised its quarterly dividend to $0.67 per share, while analysts maintain a “Moderate Buy” consensus with an average price target of $145.22.

NFJ Investment Group LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,762 shares of the company's stock after selling 17,326 shares during the quarter. NFJ Investment Group LLC's holdings in Citigroup were worth $16,762,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in C. Vanguard Group Inc. grew its holdings in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock worth $5,036,712,000 after acquiring an additional 189,548 shares in the last quarter. Franklin Resources Inc. boosted its position in Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC grew its stake 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 purchasing an additional 846,772 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Citigroup by 2.8% in the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock valued at $3,047,215,000 after purchasing an additional 728,043 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Potential lead-bank role in Anthropic IPO: Citigroup is reportedly set to join the top-tier banks working on Anthropic’s anticipated mega-listing. If the IPO proceeds, Citi could benefit from underwriting fees, advisory revenue and increased visibility in the fast-growing artificial-intelligence sector. The timing and final banking syndicate remain subject to change. Anthropic Set to Add Citigroup to Top IPO Banks on Mega-Listing
• Positive Sentiment: Digital-asset custody expansion: Recent coverage highlights Citi’s new custody platform, which is designed to connect traditional asset custody with digital assets, tokenized payments and institutional services. The initiative could create new transaction and custody revenue streams as institutional adoption grows, although the financial impact is still unproven. Can C Capitalize on Digital Asset Growth With New Custody Platform?
• Neutral Sentiment: Dividend-growth appeal: A market commentary is presenting Citigroup as a possible high-growth dividend stock, potentially supporting income-oriented investor interest. However, the article does not announce a new dividend increase or provide a material change to Citi’s capital-return plans. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Card delinquencies edged higher: Citi’s July card delinquency rate increased modestly, renewing concerns about consumer credit quality and potential future provisions. Lower charge-offs provided some reassurance, but investors remain focused on whether weakening household finances could pressure earnings. C's July Card Delinquencies Tick Up: Will This Impact Asset Quality?
• Negative Sentiment: Recent selling momentum persists: Citigroup recently declined even as the broader market advanced, indicating company-specific or sector-related selling rather than simply market weakness. The stock is trading below its 50-day moving average, which may reinforce short-term technical pressure. This follows a strong earnings report in July, when Citi exceeded consensus EPS and revenue estimates, suggesting the current weakness is more tied to sentiment and credit concerns than to the latest reported quarter.

Citigroup Stock Down 2.2%

C stock opened at $129.92 on Friday. The stock has a market capitalization of $221.59 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The company has a 50-day moving average of $137.37 and a two-hundred day moving average of $126.25. Citigroup Inc. has a 52-week low of $91.46 and a 52-week high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.1%. This is an increase from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 3rd. Citigroup's payout ratio is presently 28.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on C shares. Oppenheimer downgraded Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Bank of America boosted their price target on Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company lifted their target price on shares of Citigroup from $162.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $145.22.

Citigroup Company Profile

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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