BDF Gestion Sells 5,111 Shares of Citigroup Inc. $C

BDF Gestion trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,296 shares of the company’s stock after selling 5,111 shares during the period. BDF Gestion’s holdings in Citigroup were worth $5,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in C. Bank of New York Mellon Corp purchased a new position in Citigroup in the 2nd quarter worth approximately $3,244,602,000. Nykredit A S acquired a new position in Citigroup in the 2nd quarter worth $458,275,000. State Street Corp boosted its position in Citigroup by 3.7% in the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after buying an additional 2,913,701 shares during the last quarter. SEB Asset Management AB purchased a new stake in shares of Citigroup during the first quarter worth about $252,972,000. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock worth $257,579,000 after acquiring an additional 1,691,611 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group set a $148.00 price target on Citigroup in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on Citigroup from $149.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Evercore set a $135.00 price target on shares of Citigroup in a research report on Wednesday. Finally, Weiss Ratings cut shares of Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $150.79.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. officials are reportedly pressing China to improve market access for Mastercard and Citigroup. Greater access could expand Citi’s payments and banking opportunities in China, although the report provides no details on timing or concessions. US Officials Press China On Market Access Issues For Mastercard And Citigroup
• Positive Sentiment: Investor-focused coverage remains constructive after Citi’s third-quarter earnings beat. The bank reported $2.85 in EPS versus a $2.66 consensus estimate, $23.85 billion in revenue, and $5.2 billion in net income; revenue increased 7.9% year over year. Analysts characterize the quarter as the company’s strongest third quarter in a decade, supporting the view that Citi’s shares may be attractively valued below their 52-week high. Is Citigroup Stock a Buy 13% Below Its 52-Week High?
• Neutral Sentiment: Citi strategist Beata Manthey expects French equities to remain volatile beyond the country’s presidential election, with markets focused on whether a government can secure a parliamentary majority and reduce debt. The outlook may affect Citi’s European markets and advisory activity, but it is primarily a broader market risk. Citi’s Manthey Sees French Equities Volatile Beyond April Vote
• Negative Sentiment: U.S. banks are reportedly restricting AI agents’ access to customer accounts because of concerns that automated tools could move idle deposits to higher-yielding alternatives. If implemented broadly, such controls could add technology and compliance costs or limit the efficiency benefits Citi can obtain from AI, though the report does not identify a Citi-specific policy. US banks limit AI agents’ access to customer accounts – report

Citigroup Stock Performance

NYSE:C traded down $1.58 during mid-day trading on Monday, hitting $122.68. The stock had a trading volume of 2,371,258 shares, compared to its average volume of 12,406,832. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. The company has a 50 day simple moving average of $132.74 and a 200-day simple moving average of $131.94. The stock has a market capitalization of $209.23 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.55 and a beta of 1.13. Citigroup Inc. has a 52 week low of $95.00 and a 52 week high of $147.96.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 11.39 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.