Citigroup Inc. $C Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,912 shares of the company’s stock after acquiring an additional 23,945 shares during the period. Rakuten Investment Management Inc.’s holdings in Citigroup were worth $39,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. CFS Investment Advisory Services LLC grew its position in shares of Citigroup by 0.4% during the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after purchasing an additional 79 shares in the last quarter. Grove Bank & Trust grew its position in shares of Citigroup by 1.8% during the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock valued at $589,000 after purchasing an additional 79 shares in the last quarter. American Trust grew its position in shares of Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after purchasing an additional 80 shares in the last quarter. Invst LLC increased its holdings in shares of Citigroup by 0.8% in the second quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after purchasing an additional 80 shares during the last quarter. Finally, Tsfg LLC increased its holdings in shares of Citigroup by 4.9% in the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Argus set a $150.00 target price on Citigroup in a research report on Wednesday, July 15th. Bank of America lifted their price objective on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Evercore set a $135.00 price objective on Citigroup in a report on Wednesday, October 14th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Royal Bank Of Canada lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s workforce reductions, restructuring and AI investments are intended to generate $2 billion to $2.5 billion in annual savings. If achieved, the savings could support stronger long-term profitability, though execution and restructuring costs remain factors to watch. Will Citigroup’s Cost-Cut Initiatives Boost Long-Term Profitability?
• Positive Sentiment: A report says Citigroup’s price target was raised to $148.50, a favorable analyst signal, although the available details do not provide the rationale for the increase. Citigroup Price Target Raised to $148.50
• Neutral Sentiment: Citigroup is reportedly providing financing for Andrea Del Vecchio’s effort to gain control of Delfin. The financing could generate business for the bank, but the reported item provides no deal terms or expected financial contribution. Market Chatter: Citigroup Provides Financing for Del Vecchio’s Push to Gain Control of Delfin

Citigroup Stock Performance

Citigroup stock opened at $122.66 on Wednesday. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market capitalization of $209.20 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The company’s 50-day moving average is $129.67 and its 200 day moving average is $126.53.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Research analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

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

About Citigroup

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.