Citigroup Inc. $C Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 16.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,111 shares of the company’s stock after selling 26,023 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Citigroup were worth $18,397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in C. Cora Capital Advisors LLC grew its position in shares of Citigroup by 3.1% during the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after acquiring an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC lifted its position in Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the period. Verus Capital Partners LLC boosted its stake in shares of Citigroup by 3.1% in the fourth quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock valued at $321,000 after buying an additional 82 shares in the last quarter. Somerset Trust Co boosted its position in shares of Citigroup by 0.6% during the 2nd quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock worth $2,093,000 after purchasing an additional 82 shares in the last quarter. Finally, CFO Capital Management LLC boosted its holdings in Citigroup by 1.5% during the first quarter. CFO Capital Management LLC now owns 5,495 shares of the company’s stock worth $590,000 after buying an additional 83 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.0%

Citigroup stock opened at $131.65 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $224.54 billion, a PE ratio of 14.22, a P/E/G ratio of 0.59 and a beta of 1.12. The stock has a 50-day moving average price of $137.01 and a 200 day moving average price of $126.45. Citigroup Inc. has a 52 week low of $92.96 and a 52 week high of $147.96.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the firm posted $1.96 EPS. Citigroup’s revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its board has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is 28.94%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced unusual options activity, including bullish call sweeps and a reported $223 million after-hours block trade. The activity appears to reflect institutional interest and may provide short-term support for the shares. Citigroup Sees Unusual Options Activity and $223 Million Block Trade After Hours
• Positive Sentiment: Citi and India’s Axis Bank are partnering to capture nonresident Indian deposits and increase dollar inflows. The initiative could expand Citi’s cross-border deposits, payments and foreign-exchange business in a strategically important market. Citigroup and Axis Bank Team Up on Leveraged India Dollar Deposit Boom
• Positive Sentiment: Citigroup reported $647.2 billion in sustainable financing commitments since 2020 and established new 2030 goals. The progress may strengthen the bank’s relationships with corporate clients and support long-term fee opportunities, though the direct earnings impact is uncertain. Citi Reports Sustainable Finance Progress and Sets New 2030 Goals
• Neutral Sentiment: Analyst coverage remains favorable based on Citigroup’s average brokerage recommendation. However, the report cautions that sell-side ratings can be overly optimistic, limiting the reliability of this signal as a stand-alone reason to buy. Is Citigroup a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Citigroup has room under the national deposit cap to acquire a large regional bank, but CEO Jane Fraser continues to emphasize organic growth rather than mergers and acquisitions. This preserves strategic flexibility without creating an immediate deal catalyst. Wells Fargo and Citigroup Have Room to Buy a Big Bank

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on C. Wells Fargo & Company upped their price target on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Argus set a $150.00 target price on Citigroup in a research report on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Friday, July 17th. Evercore set a $143.00 price target on Citigroup in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup Profile

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.