Caisse de depot et placement du Quebec Sells 156,030 Shares of Citigroup Inc. $C

Caisse de depot et placement du Quebec reduced its position in shares of Citigroup Inc. (NYSE:C) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,840,820 shares of the company’s stock after selling 156,030 shares during the period. Caisse de depot et placement du Quebec owned approximately 0.17% of Citigroup worth $397,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Citigroup by 20.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after buying an additional 1,669 shares during the last quarter. United Bank acquired a new stake in Citigroup in the second quarter valued at about $972,000. Osterweis Capital Management Inc. boosted its stake in Citigroup by 3,016.7% in the second quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock valued at $80,000 after buying an additional 905 shares in the last quarter. Finally, HUB Investment Partners LLC grew its position in Citigroup by 26.9% in the second quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock valued at $1,301,000 after acquiring an additional 3,238 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. UBS Group lowered their price objective on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced approximately $223 million in after-hours block trading, along with unusual options activity and bullish call sweeps. The activity suggests increased institutional interest and may have supported buying momentum. Citigroup Sees Unusual Options Activity and $223 Million Block Trade
• Positive Sentiment: Citigroup and India’s Axis Bank are partnering to capture more nonresident Indian deposits and increase dollar inflows. The initiative could strengthen Citi’s cross-border banking activity and support deposit growth. Citigroup, Axis Bank Partner to Boost NRI Dollar Inflows
• Positive Sentiment: Major banks including Citi are committing billions to affordable housing and expanded U.S. housing supply. The effort could create lending and advisory opportunities while improving Citi’s public-policy and community profile. Big Banks Commit Billions to Boost US Housing Supply
• Neutral Sentiment: Recent coverage noted that Citigroup outperformed the broader market during the latest session, but the article primarily reviewed past performance rather than identifying a new earnings or business catalyst. Citigroup Exceeds Market Returns
• Neutral Sentiment: Citi reported sustainable-finance commitments of $647.2 billion since 2020 and established new 2030 goals. The update may benefit its long-term franchise and relationships, but has limited immediate impact on earnings. Citi Reports Sustainable Finance Progress
• Negative Sentiment: Analyst commentary argues that Citigroup has improved but that much of its valuation upside may already be reflected in the stock, potentially limiting further gains. Citigroup Has Improved, But Upside Is Limited
• Negative Sentiment: A Goldman Sachs-versus-Citigroup comparison highlighted Goldman’s stronger earnings momentum, fee-based strategy and growth visibility, despite Goldman’s higher valuation. This may encourage investors seeking growth to favor GS over C. Goldman Versus Citigroup

Citigroup Price Performance

Citigroup stock opened at $133.40 on Wednesday. The stock has a 50-day moving average price of $136.82 and a two-hundred day moving average price of $126.57. Citigroup Inc. has a 12 month low of $92.96 and a 12 month high of $147.96. The company has a market capitalization of $227.52 billion, a PE ratio of 14.41, a P/E/G ratio of 0.59 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is presently 28.94%.

Citigroup declared that its board has initiated a stock buyback plan on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Citigroup 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.