State Street Corp Boosts Stock Position in Citigroup Inc. $C

State Street Corp boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 3.7% during the second quarter, Holdings Channel.com reports. The firm owned 80,956,349 shares of the company’s stock after acquiring an additional 2,913,701 shares during the period. State Street Corp’s holdings in Citigroup were worth $11,199,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smith Chas P & Associates PA Cpas bought a new stake in Citigroup during the second quarter worth approximately $232,000. Talon Private Wealth LLC boosted its stake in Citigroup by 0.8% during the second quarter. Talon Private Wealth LLC now owns 30,179 shares of the company’s stock worth $4,224,000 after buying an additional 235 shares during the period. Core Capital Management & Research inc. bought a new position in Citigroup during the second quarter valued at $658,000. Sequoia Financial Advisors LLC increased its position in Citigroup by 2.5% during the second quarter. Sequoia Financial Advisors LLC now owns 279,216 shares of the company’s stock valued at $39,079,000 after acquiring an additional 6,806 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Citigroup by 4.8% in the second quarter. Tidal Investments LLC now owns 201,385 shares of the company’s stock valued at $28,186,000 after acquiring an additional 9,265 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: CEO Jane Fraser said companies are urgently investing in defenses against AI-enabled cyberattacks. The comments highlight potential demand for cybersecurity-related financial services and reinforce Citi’s positioning in technology and risk management. Citi CEO Says Companies Scrambling to Launch AI Cyber Defenses
• Neutral Sentiment: Fraser is expected to attend a state dinner for Chinese President Xi Jinping alongside other major U.S. executives. The event could provide relationship-building opportunities, but it does not represent a direct earnings catalyst for Citigroup. JPMorgan, Citigroup CEOs attending Trump’s state dinner for China’s Xi
• Neutral Sentiment: Citigroup Global Markets India is managing Mastercard’s planned sale of its Pine Labs stake. The transaction may generate placement fees and demonstrates Citi’s investment-banking activity, but the one-time deal is unlikely to materially affect the bank’s financial results. Pine Labs shares rise after block deal
• Negative Sentiment: A Financial Times investigation reported that a Kremlin-backed forgery scheme moved approximately $6.9 billion through global banks, including Citigroup. Although the report does not establish wrongdoing by Citi, the bank’s involvement could lead to additional regulatory scrutiny, compliance costs and reputational damage. Kremlin-backed forgery scheme moved $6.9bn through global banks

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Argus set a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Finally, Weiss Ratings upgraded Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $145.22.

Citigroup Stock Down 2.3%

Shares of NYSE C traded down $3.10 during mid-day trading on Tuesday, reaching $131.95. 5,728,824 shares of the company were exchanged, compared to its average volume of 12,685,754. The firm has a 50-day moving average of $134.25 and a 200 day moving average of $129.31. Citigroup Inc. has a 1 year low of $93.66 and a 1 year high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $225.05 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.59 and a beta of 1.12.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup’s dividend payout ratio is currently 28.94%.

Citigroup Company Profile

Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.