NBT Bank N.A. purchased a new stake in Citigroup Inc. (NYSE:C – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 4,718 shares of the company’s stock, valued at approximately $611,000.
Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in Citigroup in the 2nd quarter valued at approximately $3,244,602,000. Nykredit A S purchased a new stake in Citigroup in the second quarter valued at approximately $458,275,000. State Street Corp raised its position in Citigroup by 3.7% in the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. SEB Asset Management AB purchased a new stake in Citigroup in the first quarter valued at approximately $252,972,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock worth $257,579,000 after purchasing an additional 1,691,611 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Citigroup
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: China’s securities regulator approved Citi’s plan to establish a wholly owned onshore securities business. The approval expands Citigroup’s ability to serve Chinese capital-markets clients and removes a nearly five-year regulatory hurdle. Citigroup Wins Approval for Wholly Owned China Brokerage
- Positive Sentiment: Erste Group Bank raised its Citigroup EPS forecasts to $11.35 for fiscal 2026 and $12.89 for fiscal 2027, signaling improved expectations for future profitability. Citigroup earnings estimate update
- Positive Sentiment: Citi arranged a $3.5 billion senior secured financing facility for AI-cloud company Nebius. The transaction should generate fees and highlights Citi’s role in funding the expansion of artificial-intelligence infrastructure. Nebius secures $3.5 billion financing facility with Citi
- Positive Sentiment: Citi completed a $72 million bond tied to carbon-removal credits for a Texas biochar project, supporting its sustainable-finance credentials and potential investment-banking revenue. Citi closes $72 million biochar bond
- Neutral Sentiment: Citigroup elected James Flanagan as an independent director. The appointment modestly strengthens board oversight but is unlikely to materially change near-term earnings expectations. Citigroup elects James Flanagan as independent director
- Negative Sentiment: September credit-card delinquencies and net losses increased sequentially while receivables declined. The deterioration raises concerns about asset quality, provisions and the sustainability of consumer-banking earnings growth. Citi’s September card delinquencies rise
Citigroup Stock Performance
Shares of C stock opened at $120.66 on Friday. The firm has a 50 day moving average of $131.23 and a two-hundred day moving average of $132.08. The stock has a market capitalization of $205.80 billion, a PE ratio of 11.77, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a quick ratio of 0.99, 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 EPS. On average, research analysts predict that Citigroup Inc. will post 11.44 EPS for the current fiscal year.
Citigroup Announces Dividend
The company also recently declared 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 payout ratio is currently 26.15%.
Analyst Ratings Changes
Several research analysts have recently commented on C shares. Morgan Stanley raised their price target on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Argus set a $150.00 target price on Citigroup in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.79.
Check Out Our Latest Research Report on Citigroup
Citigroup Company Profile
Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.
Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.
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