Natixis Advisors LLC Has $205.22 Million Stock Holdings in Citigroup Inc. $C

Natixis Advisors LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 6.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,758,655 shares of the company’s stock after selling 117,188 shares during the quarter. Natixis Advisors LLC’s holdings in Citigroup were worth $205,218,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new position in Citigroup in the fourth quarter valued at about $28,000. Luken Investment Analytics LLC purchased a new position in Citigroup in the fourth quarter valued at about $32,000. High Note Wealth LLC grew its stake in Citigroup by 107.7% in the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Entrust Financial LLC purchased a new position in Citigroup in the fourth quarter valued at about $34,000. Finally, Maseco LLP purchased a new position in Citigroup in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: OpenAI reportedly held talks with Citigroup for IPO preparations, highlighting Citi’s potential role in a major future underwriting mandate and supporting expectations for investment-banking revenue. OpenAI reportedly in talks to add Citigroup and JPMorgan to its IPO underwriting team
• Positive Sentiment: Citigroup’s bullish call on copper prices suggests confidence in industrial and AI-infrastructure demand, which can reinforce the market’s view that Citi has strong macro insight and research credibility. Citi turns bullish on copper, sees price hitting $15,000 per ton within a year
• Positive Sentiment: Citi’s forecast that tokenized securities could become a multi-trillion-dollar market supports the bank’s long-term growth narrative in digital assets and capital markets innovation. Citigroup Forecasts Tokenized Securities Market Will Hit $5.5 Trillion
• Neutral Sentiment: Commentary that Citigroup has outperformed the Dow over the past year, while analysts remain cautiously optimistic, reinforces a positive but already well-known sentiment backdrop rather than a new catalyst. Is Citigroup Stock Outperforming the Dow?

Citigroup Price Performance

NYSE C opened at $128.86 on Tuesday. Citigroup Inc. has a twelve month low of $74.30 and a twelve month high of $135.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $219.78 billion, a PE ratio of 15.97, a P/E/G ratio of 0.56 and a beta of 1.12. The stock has a 50-day simple moving average of $123.27 and a 200 day simple moving average of $115.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Research analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 4th. Citigroup’s payout ratio is currently 29.74%.

Citigroup declared that its board has approved a stock repurchase plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on C shares. Keefe, Bruyette & Woods boosted their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Jefferies Financial Group started coverage on Citigroup in a research note on Thursday, March 26th. They issued a “buy” rating and a $135.00 target price on the stock. Evercore set a $139.00 target price on Citigroup in a research note on Wednesday, April 15th. Barclays boosted their target price on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their target price on Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.62.

Insider Activity

In related news, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the transaction, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by insiders.

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.