Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 48,100 Shares of Citigroup Inc. $C

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Citigroup Inc. (NYSE:C) by 18.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 314,064 shares of the company’s stock after purchasing an additional 48,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citigroup were worth $26,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after buying an additional 2,539,769 shares in the last quarter. Northern Trust Corp grew its position in Citigroup by 1.0% during the first quarter. Northern Trust Corp now owns 20,427,563 shares of the company’s stock valued at $1,450,153,000 after acquiring an additional 195,013 shares during the last quarter. Invesco Ltd. raised its stake in shares of Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company’s stock worth $1,195,466,000 after acquiring an additional 592,820 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock worth $1,031,790,000 after acquiring an additional 9,334,038 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Citigroup by 78.4% in the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after acquiring an additional 6,026,268 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the topic of several recent research reports. Piper Sandler increased their target price on shares of Citigroup from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Wall Street Zen upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Stock Up 2.2%

NYSE C opened at $100.97 on Tuesday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The stock has a market capitalization of $185.87 billion, a PE ratio of 14.18, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $98.07 and its 200 day moving average is $86.45.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the previous year, the company earned $1.51 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup’s payout ratio is presently 33.71%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.