Federated Hermes Inc. Purchases 631,799 Shares of Citigroup Inc. $C

Federated Hermes Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 156.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,034,947 shares of the company’s stock after purchasing an additional 631,799 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Citigroup worth $105,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. Norges Bank purchased a new position in shares of Citigroup during the 2nd quarter worth $2,455,929,000. Canada Pension Plan Investment Board raised its holdings in Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after purchasing an additional 1,393,865 shares during the period. Natixis lifted its position in Citigroup by 382.7% during the second quarter. Natixis now owns 1,523,782 shares of the company’s stock valued at $129,704,000 after purchasing an additional 1,208,089 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Citigroup by 63.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,085,496 shares of the company’s stock valued at $262,637,000 after purchasing an additional 1,195,950 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after purchasing an additional 1,148,451 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.5%

Citigroup stock opened at $114.25 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17. The firm’s 50 day moving average price is $112.98 and its 200-day moving average price is $102.72. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market cap of $204.42 billion, a P/E ratio of 16.39, a PEG ratio of 0.73 and a beta of 1.18.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.16. The company had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. On average, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s dividend payout ratio is presently 34.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on C. UBS Group reaffirmed a “neutral” rating and issued a $132.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. Truist Financial raised their target price on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Bank of America upped their price target on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Barclays lifted their target price on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Reduced short interest — Short interest fell about 12.7% in January (to ~25.2M shares), which reduces one source of downside pressure and the risk of short-squeeze-driven volatility.
• Positive Sentiment: Workforce upskilling for AI — CEO Jane Fraser says Citigroup is training roughly 175,000 employees to adapt to AI-driven role changes; that signals management is investing in productivity and talent retention rather than only cutting staff. Citigroup CEO Jane Fraser says 175,000 employees are being trained
• Neutral Sentiment: Fed decision / macro backdrop — The Fed held rates steady amid sticky inflation and a tight jobs market; higher-for-longer rates are a mixed signal for banks (support for net interest margins but greater risk of market volatility). US Federal Reserve holds rates steady amid sticky inflation, resilient jobs market
• Neutral Sentiment: Participation/filings disclosure — Citigroup posted participation notifications (shareholding/regulated disclosure) today; routine but worth monitoring for large insider or investor moves. Participation notifications by Citigroup Inc.
• Negative Sentiment: Planned layoffs — Citigroup is moving ahead with a March round of cuts as part of a 20,000-job reduction through 2026; that helps cuts costs but signals near-term disruption and execution risk around the bank’s multi‑year overhaul. More Layoffs Are Coming at Citigroup in March
• Negative Sentiment: Legal & reputational risks — A former managing director has sued Citigroup alleging mishandled sexual‑harassment claims; the bank is pushing to move the case to arbitration. Ongoing litigation and management‑level allegations can trap management attention and create headline risk. Citigroup rejects harassment claims against top executive, seeks to move case into arbitration
• Negative Sentiment: Criminal conviction of ex-executive — A former Citigroup managing director pleaded guilty in a serious criminal case, adding reputational risk and potential regulatory scrutiny. Ex-Citi Managing Director Pleads Guilty
• Negative Sentiment: Volatility risk from rising rates — Citigroup warned about the potential for a market “volatility event” tied to rising rates, which could hurt trading revenue and create mark-to-market losses in certain businesses. Citigroup is worried about a ‘volatility event’ triggered by rising rates

Citigroup Company Profile

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.