Quantbot Technologies LP Sells 29,837 Shares of Citigroup Inc. $C

Quantbot Technologies LP decreased its stake in shares of Citigroup Inc. (NYSE:C) by 80.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,374 shares of the company’s stock after selling 29,837 shares during the period. Quantbot Technologies LP’s holdings in Citigroup were worth $1,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in C. Norges Bank acquired a new position in Citigroup during the fourth quarter valued at approximately $2,800,944,000. Bank of New York Mellon Corp acquired a new stake in shares of Citigroup in the second quarter worth $3,244,602,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Citigroup during the 4th quarter worth $298,082,000. SEB Asset Management AB bought a new stake in shares of Citigroup during the 1st quarter worth $252,972,000. Finally, Deutsche Bank AG grew its stake in Citigroup by 28.4% in the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock valued at $835,284,000 after buying an additional 1,582,150 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

C opened at $133.47 on Thursday. The stock’s 50 day simple moving average is $136.62 and its 200-day simple moving average is $126.69. 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 $227.64 billion, a PE ratio of 14.41, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 1 year low of $92.96 and a 1 year high of $147.96.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping 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 firm had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period last year, the business earned $1.96 earnings per share. Citigroup’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts forecast that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup announced that its board has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend 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 payout ratio is 28.94%.

Analysts Set New Price Targets

C has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.22.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Capital-markets growth outlook: Citi expects Korea’s capital-issuance market to reach a record in 2026 as deal activity accelerates. This suggests potential support for investment-banking fees and reinforces the bank’s broader efforts to expand higher-return businesses. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Buyback support: Citigroup is executing an approximately $30 billion repurchase plan that could retire up to 13.7% of its outstanding shares. A reduced share count can lift earnings per share and provide support for the stock, assuming the bank maintains sufficient capital. Citigroup Stock Information
• Positive Sentiment: Solid operating backdrop: Citi’s latest quarter exceeded analyst expectations on both earnings and revenue, with revenue rising 14.5% year over year. That performance gives investors more confidence in the bank’s earnings momentum and turnaround initiatives.
• Neutral Sentiment: Housing and sustainability commitments: Citi announced expanded affordable-housing financing and updated 2030 sustainable-finance and operational targets. The initiatives may strengthen client relationships and long-term reputation, although their near-term effect on earnings is likely limited. Citigroup Affordable Housing and Sustainability Goals
• Negative Sentiment: SEC subpoena risk: Regulators are examining Citi and other prime brokers over the highly leveraged collapse of hedge fund Situational Awareness. The banks appear financially strong, but tighter margin rules, higher capital requirements or reduced financing activity could pressure trading revenue and market liquidity. SEC Subpoenas Banks Over Situational Awareness
• Negative Sentiment: Upside concerns: Analysts acknowledge Citi’s improvement but question how much additional appreciation remains, while comparisons with Goldman Sachs highlight stronger fee-driven growth at the rival. This could limit investor enthusiasm despite Citi’s relatively attractive valuation. Citigroup Has Improved, But Upside Is Limited

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.