Generali Asset Management SPA SGR raised its stake in Citigroup Inc. (NYSE:C – Free Report) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,374 shares of the company’s stock after acquiring an additional 26,870 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Citigroup were worth $26,462,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of C. Bank of New York Mellon Corp bought a new stake in shares of Citigroup during the second quarter valued at approximately $3,244,602,000. Nykredit A S acquired a new stake in shares of Citigroup in the second quarter valued at approximately $458,275,000. State Street Corp increased its holdings in shares of 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 in the last quarter. SEB Asset Management AB bought a new position in Citigroup in the 1st quarter worth approximately $252,972,000. Finally, OMERS ADMINISTRATION Corp raised its position in Citigroup by 1,137.1% in the 2nd 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 during the last quarter. 71.72% of the stock is owned by institutional investors.
Citigroup Price Performance
Shares of NYSE:C opened at $122.71 on Wednesday. The stock has a market cap of $209.29 billion, a price-to-earnings ratio of 11.97 and a beta of 1.13. The company has a 50 day moving average of $130.58 and a 200-day moving average of $126.38. Citigroup Inc. has a one year low of $95.83 and a one year high of $147.96.
Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current year.
Citigroup Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is presently 26.15%.
Key Headlines Impacting Citigroup
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Higher 2026 profitability target: Citigroup raised its 2026 return on tangible common equity outlook to above 11%, citing solid revenue growth, improving efficiency and progress in its multiyear transformation. The upgrade reinforces the turnaround thesis and may support higher earnings estimates. Citigroup Lifts 2026 RoTCE Outlook
- Positive Sentiment: China securities expansion: Citigroup received approval from China’s securities regulator to establish a wholly owned onshore securities business. The unit is expected to offer brokerage, underwriting, research and principal-trading services, creating longer-term growth opportunities in China’s capital markets. Citigroup Enters China’s Securities Market
- Positive Sentiment: Card partnership enhanced: Citi and American Airlines announced additional rewards and travel benefits for two AAdvantage credit cards. The changes could improve customer engagement and card spending, although the financial impact is likely gradual. American Airlines and Citi Enhance AAdvantage Cards
- Neutral Sentiment: Retail banking strategy: Citi launched Premium Boost, offering higher savings rates to customers who deepen their relationship with the bank. The program may help attract deposits and cross-sell products, but higher funding costs could weigh on margins. Citi Raises Savings Rates
- Neutral Sentiment: Other reported activity: Citigroup disclosed that its voting interest in Solvay fell below 3%. This appears to be a routine investment disclosure with little direct effect on Citigroup’s earnings or valuation. Citigroup Cuts Stake in Solvay
Analysts Set New Price Targets
C has been the topic of several research reports. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. HSBC began coverage on Citigroup in a research note on Monday, September 28th. They issued a “buy” rating and a $164.00 target price for the company. Evercore set a $135.00 target price on Citigroup in a research report on Wednesday, October 14th. Truist Financial cut their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Bank of America raised their price target on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.79.
View Our Latest Stock Report on C
About Citigroup
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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