Citigroup Inc. $C Stock Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 29.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,110 shares of the company’s stock after selling 145,600 shares during the period. Citigroup comprises about 1.8% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 17th biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Citigroup were worth $44,167,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CFS Investment Advisory Services LLC increased its stake in Citigroup by 0.4% in the 1st 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 in the last quarter. Grove Bank & Trust raised its holdings in Citigroup by 1.8% during the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after purchasing an additional 79 shares during the last quarter. American Trust boosted its position in Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after purchasing an additional 80 shares in the last quarter. Invst LLC boosted its position in Citigroup by 0.8% during 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 in the last quarter. Finally, Tsfg LLC boosted its position in Citigroup by 4.9% during the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.0%

Shares of NYSE C opened at $122.62 on Monday. The firm has a market cap of $209.14 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00. Citigroup Inc. has a 1 year low of $95.83 and a 1 year high of $147.96. The firm’s 50 day moving average price is $130.02 and its 200 day moving average price is $126.44.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the firm posted $1.86 EPS. Citigroup’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on C. TD Cowen dropped their price target on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Bank of America boosted their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Argus set a $150.00 price objective on Citigroup in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.87.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

Citigroup Profile

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.