VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Citigroup Inc. (NYSE:C – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 482,310 shares of the company’s stock, valued at approximately $67,504,000.
Several other institutional investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Citigroup during the 1st quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in Citigroup in the 4th quarter valued at approximately $25,000. Paladin Partners LLC acquired a new stake in Citigroup in the second quarter valued at approximately $27,000. TD Capital Management LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. grew its stake in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.
Citigroup Stock Up 0.1%
Shares of C opened at $137.80 on Monday. The stock’s 50-day moving average price is $135.26 and its two-hundred day moving average price is $127.55. Citigroup Inc. has a 12 month low of $93.66 and a 12 month high of $147.96. The company has a market capitalization of $235.03 billion, a PE ratio of 14.88, a PEG ratio of 0.62 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
Citigroup Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is currently 28.94%.
Citigroup News Summary
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
- Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
- Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
- Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
- Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley upped their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.22.
Get Our Latest Research Report on Citigroup
About Citigroup
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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