Citigroup Inc. $C Stake Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in Citigroup Inc. (NYSE:C) by 393.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,205 shares of the company’s stock after acquiring an additional 17,706 shares during the period. Exchange Traded Concepts LLC’s holdings in Citigroup were worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after buying an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after buying an additional 679,967 shares during the period. Fisher Asset Management LLC grew its position in shares of Citigroup by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock valued at $2,737,583,000 after buying an additional 988,152 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Citigroup during the 2nd quarter valued at about $2,455,929,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. Wolfe Research reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a report on Wednesday, December 17th. Wells Fargo & Company increased their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, TD Cowen boosted their price objective on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Citigroup Price Performance

Shares of NYSE:C opened at $121.79 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $122.84. The stock has a market cap of $217.92 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.60 and a beta of 1.21. The stock’s 50 day moving average price is $104.61 and its 200 day moving average price is $96.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period last year, the company posted $1.51 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Street note: Citigroup outperformed peers in a strong trading session, signaling buy-side interest and momentum into the bank group. This kind of relative strength often draws additional flows into larger-cap banks like C. Citigroup Inc. stock outperforms competitors on strong trading day
• Positive Sentiment: Strategic growth: Citi is beefing up its Japan investment‑banking team (target ~30% headcount increase by 2026) to capture a record M&A wave there — a direct path to higher advisory fees and improved revenues in global markets/IB. Citigroup Seizes Japan’s M&A Boom, Plans to Expand IB Team
• Positive Sentiment: Analyst/sector tailwinds: Citi appears on lists of large banks hitting 52‑week highs and is cited among institutions likely to benefit from declining Fed rates (stronger loan demand, steadier funding costs) — a tailwind for both trading and lending franchises. 3 Bank Stocks to Keep on Your Radar as They Reach New 52-Week Highs 3 Banks Poised to Benefit Most From Declining Interest Rates
• Neutral Sentiment: Small supply risk in Asia: Anchor lock‑ins tied to Citigroup‑managed Indian IPOs are ending, which could release shares into local markets; effect on Citi is indirect (investment banking distribution role) but worth monitoring for regional market flux. Below-IPO price, anchor lock-ins for Citigroup-backed GK Energy and Saatvik Green end today

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.