Citigroup Inc. $C Shares Acquired by Fiera Capital Corp

Fiera Capital Corp increased its holdings in shares of Citigroup Inc. (NYSE:C) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,472 shares of the company’s stock after acquiring an additional 27,387 shares during the quarter. Fiera Capital Corp’s holdings in Citigroup were worth $18,086,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings 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 valued at $1,031,790,000 after purchasing an additional 9,334,038 shares during the last quarter. Nuveen LLC acquired a new position in Citigroup during the 1st quarter valued at approximately $578,100,000. Amundi grew its stake in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Citigroup by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after buying an additional 2,539,769 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Citigroup by 2,230.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock valued at $186,726,000 after buying an additional 2,517,459 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group restated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research note on Tuesday, October 14th. Oppenheimer reduced their price objective on Citigroup from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, Barclays increased their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Citigroup Trading Down 2.1%

Citigroup stock opened at $100.71 on Friday. The firm has a 50 day simple moving average of $99.57 and a 200-day simple moving average of $89.63. 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 stock has a market capitalization of $180.20 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup Company 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.