AustralianSuper Pty Ltd Buys 295,535 Shares of Citigroup Inc. $C

AustralianSuper Pty Ltd grew its holdings in shares of Citigroup Inc. (NYSE:C) by 1,556.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,528 shares of the company’s stock after purchasing an additional 295,535 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Citigroup were worth $31,925,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. FMB Wealth Management lifted its holdings in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after acquiring an additional 103 shares during the last quarter. Tritonpoint Wealth LLC grew its stake in shares of Citigroup by 2.1% in the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock worth $506,000 after purchasing an additional 104 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after acquiring an additional 109 shares in the last quarter. Fullcircle Wealth LLC boosted its stake in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Finally, Arjuna Capital boosted its position in Citigroup by 0.7% during the 3rd quarter. Arjuna Capital now owns 16,587 shares of the company’s stock valued at $1,684,000 after acquiring an additional 112 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE:C opened at $110.85 on Wednesday. The business’s 50-day moving average is $116.41 and its 200 day moving average is $106.47. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. The company has a market capitalization of $193.91 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.71 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Analyst Ratings Changes

Several research firms have commented on C. Keefe, Bruyette & Woods boosted their target price on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. boosted their price target on Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

Insider Buying and Selling at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi analyst Manthey says U.K. stocks look like a good hedge amid the Iran war — highlights Citi’s research relevance and could drive client flows into trading and advisory business. Citi’s Manthey Sees UK Stocks as Good Hedge Amid Iran War
• Neutral Sentiment: TipRanks reports Citi exited a substantial holding in Liontown after a major share sale — a portfolio rebalancing/asset-management move that is unlikely to be material to Citi’s core banking earnings but reduces its exposure to that position. Citigroup Exits Substantial Holding in Liontown After Major Share Sale
• Neutral Sentiment: Citi commodities team warns oil could spike above $80 as the Iran conflict rattles markets — this increases trading volatility (potentially boosting FICC revenue) but also raises credit and macro risks for banks. Citi sees oil spiking above $80 as Iran conflict rattles market
• Negative Sentiment: Reuters: Citi told most Gulf employees to work from home as regional tensions flare — an operational disruption in a region where the bank has clients and exposure; raises risk of service interruptions, higher costs and potential client flight/credit stress. Citi instructs Gulf employees to work from home as tensions flare, source says
• Negative Sentiment: Economic Times: Citi offloaded ~8.3 lakh shares of Clean Max Enviro Energy at a ~20% discount after a weak IPO debut — selling at a discount can signal realized markdowns or liquidity pressure in institutional inventories. Clean Max Enviro Energy bulk deal: Citigroup sells 8.3 lakh shares worth Rs 70 crore
• Negative Sentiment: Economic Times reports Indian markets plunged (Rs 6.35 lakh crore wiped out) as oil spikes and war fears grip markets — broad market selloff and higher oil introduce macro/credit stress that typically weighs on bank stocks including Citi. Rs 6.35 lakh crore wiped out as oil spike and war fears grip market

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.