Citigroup Inc. $C Position Decreased by Danske Bank A S

Danske Bank A S trimmed its stake in Citigroup Inc. (NYSE:C) by 47.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 962,051 shares of the company’s stock after selling 853,086 shares during the period. Danske Bank A S’s holdings in Citigroup were worth $124,566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of C. Cornerstone Advisory LLC lifted its position 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 last quarter. Ibex Wealth Advisors grew its stake in Citigroup by 3.1% in the 3rd 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 in the last quarter. Addison Advisors LLC increased its holdings in shares of Citigroup by 75.5% in the 3rd quarter. Addison Advisors LLC now owns 988 shares of the company’s stock worth $128,000 after buying an additional 425 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Citigroup by 2.1% in the 3rd quarter. Diversified Trust Co now owns 44,154 shares of the company’s stock worth $5,717,000 after buying an additional 924 shares during the last quarter. Finally, Vista Capital Partners Inc. bought a new position in shares of Citigroup in the 3rd quarter worth $204,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Loop Capital set a $155.00 target price on Citigroup in a research note on Tuesday, October 13th. UBS Group set a $148.00 price target on Citigroup in a research report on Wednesday, October 14th. Finally, TD Cowen lowered their price target 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Trading Down 0.0%

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

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The company had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. On average, research analysts predict that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Announces Dividend

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

Top Citigroup Stories

Investors following C have been watching these stories:

• 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

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.