Citigroup Inc. $C Stock: Maryland State Retirement & Pension System Grows Position

Maryland State Retirement & Pension System lifted its holdings in Citigroup Inc. (NYSE:C) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,522 shares of the company’s stock after acquiring an additional 10,584 shares during the period. Maryland State Retirement & Pension System’s holdings in Citigroup were worth $13,275,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in C. Bank of New York Mellon Corp acquired a new position in shares of Citigroup during the 2nd quarter valued at $3,244,602,000. Nykredit A S purchased a new stake in Citigroup during the 2nd quarter worth $458,275,000. State Street Corp boosted its position in Citigroup by 3.7% during the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. SEB Asset Management AB acquired a new stake in Citigroup in the 1st quarter valued at $252,972,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Citigroup by 1,137.1% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company’s stock valued at $257,579,000 after purchasing an additional 1,691,611 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are a few of the latest headlines about C:

• Positive Sentiment: Citigroup is part of a consortium of global banks committing about $270 million to fund a planned U.S.-based stablecoin issuer for its first five years. The initiative could give Citi exposure to digital-asset payments and compete with established stablecoin providers, but execution and adoption remain uncertain. Goldman, Citi join global banks in $270 million stablecoin venture
• Positive Sentiment: CEO Jane Fraser said Citi’s China brokerage license gives the bank an advantage over rivals, pointing to potential benefits from expanded access to that market. Citigroup’s Fraser Says China License Gives Bank Edge on Rivals
• Neutral Sentiment: A report says Citi shifted its outlook on U.S. stocks to neutral, citing regulatory risk. This reflects the bank’s view of the broader equity market rather than a change to Citi’s own stock rating. Citigroup shifts US stock view to neutral citing regulatory risk

Citigroup Trading Up 1.6%

NYSE C opened at $124.25 on Thursday. The stock has a market cap of $211.92 billion, a P/E ratio of 12.12, a PEG ratio of 0.54 and a beta of 1.18. The company’s fifty day simple moving average is $128.36 and its 200-day simple moving average is $126.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 52 week low of $95.83 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. The business had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. Equities research analysts predict that Citigroup Inc. will post 11.44 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 2.2%. Citigroup’s payout ratio is currently 26.15%.

Analyst Ratings Changes

Several research firms have commented on C. UBS Group set a $148.00 price objective on Citigroup in a research report on Wednesday, October 14th. Royal Bank Of Canada decreased their target price on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price on Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.87.

Citigroup Company Profile

Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.