Mn Services Vermogensbeheer B.V. Buys 8,400 Shares of Citigroup Inc. $C

Mn Services Vermogensbeheer B.V. grew its stake in Citigroup Inc. (NYSE:C) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,400 shares of the company’s stock after buying an additional 8,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Citigroup were worth $37,494,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brookstone Capital Management boosted its holdings in Citigroup by 31.5% during the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after acquiring an additional 18,176 shares during the period. Permanent Capital Management LP acquired a new position in shares of Citigroup during the 3rd quarter worth about $1,238,000. Penobscot Investment Management Company Inc. boosted its stake in Citigroup by 61.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after purchasing an additional 21,720 shares during the period. Perigon Wealth Management LLC grew its holdings in Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after buying an additional 16,171 shares during the last quarter. Finally, Keystone Financial Services bought a new position in Citigroup in the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts and screens are bullish: Citigroup was added to Zacks’ list of top income/strong-buy stocks, which can attract yield-seeking flows and bolster sentiment. Best Income Stocks to Buy for January 23rd
• Positive Sentiment: Underlying results remain supportive — Citi’s recent quarterly update showed an EPS beat and analysts have largely dismissed fears of an earnings re‑rating after the company’s Q4 performance, which helps justify current valuations. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Neutral Sentiment: Citi research notes that a Washington affordability agenda could boost fintechs and related exposures — this is sector-positive for fintech names but is a mixed read for Citi (opportunity for fee revenue vs. policy uncertainty). US fintech stocks could gain as Trump pushes affordability agenda, Citi says
• Negative Sentiment: Layoff plans: Reuters reports Citi will cut more staff in March (after ~1,000 jobs cut this month), likely affecting managing directors and senior employees — raises near‑term execution and morale concerns even as costs fall; investors often react negatively to fresh rounds of cuts that signal tougher revenue outlooks. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Card pricing pressure/political optics: Reports that Citi is exploring a 10% capped-rate card to respond to political pressure (and CEO comments warning caps would hurt credit access) create uncertainty around future card yields and policy risk — potential margin compression if price caps or similar measures are implemented. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a report on Thursday, January 15th. The Goldman Sachs Group increased their price target on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Bank of America increased their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.56.

Citigroup Price Performance

NYSE:C opened at $113.71 on Friday. The company has a 50-day moving average of $112.04 and a 200-day moving average of $102.01. The company has a market capitalization of $203.46 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.74 and a beta of 1.18. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $124.17. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is currently 34.43%.

About Citigroup

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.